Wipro’s attrition rate eases to 23%, net headcount addition at 605

Commenting on salary hikes, Wipro’s CEO and Managing Director Thierry Delaporte said, “We continue to invest in and upskill our talent to stay ahead of our clients’ evolving needs. In the second quarter, we promoted more than 10,000 colleagues and increased salaries across bands.”

While the tech sector remains cautious of employee expenses that have led to margin falls in the recent quarter, Wipro’s IT services' operating margin for the second quarter of the fiscal was at 15.1 percent, an increase of 16 basis points (bps) sequentially.

“We achieved margins of 15.1 percent in Q2 after absorbing the impact of salary increases and promotions. Our margin improvement was led by better price realisations and strong operational improvements in automation-led productivity. Our Operating Cash Flows was robust and at 181 percent of our Net Income for the year,” Jatin Dalal, Chief Financial Officer said.