Chennai: This is a big aware on Thursday posted a 12% year-on-year revenue growth in the term constant currency and around 4.5% in sequential terms for the April-June quarter.
Even when the company defeats road estimates in terms of revenue growth and increases its prospects for this year, the hot technology work market has an impact on the bellwether it has a negative impact because it reported a high level of friction for life in the quarter.
Quarterly annual attrition reached 31% compared to 21% in the previous quarter and 24% in the same quarter last year.
Furthermore, voluntary friction (annual) reached 29% compared to 18% in March and 11% in the same period last year.
At revenue of $ 4.6 billion and 12% growth in the quarter, the company’s performance raised rivals such as TCS and Infosys for a comparable period.
TCS posted almost 19% of YoY’s revenue growth (CC requirements) and infosys income grew by around 16% in the quarter.
Net income because $ 512 million only slightly from $ 505 million in the last quarter but jumped from $ 361 million made in the same period last year.
“We delivered a strong second quarter,” said Cewornant CEO Brian Humphries.
“Through targeted investment, we have shifted our portfolio to market segments that grow faster while expanding our capabilities and partnerships to help clients build modern businesses.
I see a stronger and more competitive person appear, with a commercial momentum that develops.
We bullish Our industry and prospects are in it.
“Commenting on friction in conference calls with analysts, Humphries said:” We have seen mainly friction at a more junior level from the organization or intermediate level in India, but also a global phenomenon.
This is really one The hottest market that we have seen or our team has seen over the past 10 years.
“Cognizant income from financial services has increased by around 5%.
Health income increased by 13%, and product and resource income grew 18%.
Digital income grows around 20% year-to-year.
Supported by improved performance, aware of improving its income guidance for the full year of 2021.
The company expects revenues of 2021 at $ 18.4 – $ 18.5 billion; I.e., 9-10% growth in CC requirements, compared with a growth of 5.5% -7.5% guided in the last quarter.
However, these prospect factors are in a favorable impact of the currency movement of 120 basis points (100 basis points = 1%) and around 320 basis points of contributions from inorganic income.
“The top results of the second quarter exceeded our guide, driven by increased demand for our services and momentum in our digital income, and we increase our full year 2021 income growth to 10.2-11.2%,” said CFO Jan Siegmund.
“To meet a strong client’s request for our services, we continue to improve our recruiting capabilities and invest in our people.
Apart from recording friction, in the April-June quarter, the conscious ones have crossed 300,000 employees for the first time in its history with the majority of employees In India.
“We now hope to rent around 100,000 lateral in 2021 and to train nearly 100,000 colleagues.
In addition, we hope to onboard around 30,000 new graduates in 2021 and make 45,000 offers for new graduates in India for 2022 onboarding, “said Humphries about a profit call.
The company also said that it had now visited 160,000 from colleagues and families.
Nearly 1,000 places Covid-19 hospital sleep for communities in India.
Posting Cognizant Record-High Attrition on April-June Quarter
