Wipro's Q1 attrition jumps to 15.8 pc

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Bangalore, Jul 23: Wipro had jumped to 15.8 percent from 9.8 percent attrition in the first quarter of the 2010-2011 fiscal year.

Business Process Outsourcing (BPO) services alone accounted for 16 percent of the attrition as against 14 percent a year ago and 17 percent a quarter ago.

"Overall demand for IT skills has gone up with a rebound in the economy and uptake in tech spending. The attrition has gone up also due to many employees leaving for higher studies or business schools," said Wipro official.

"Our net utilization of employees during the quarter was 78.4 percent as against 77.1 percent year ago but marginally down from 79.3 percent quarter ago," added the official.

The total number of employees in the firm's IT services business had increased to 112,925 at the end of Jun 2010 from 108,071 quarter ago and 98,521 in 2009.

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