Wipro Q1 results: Attrition rate at 8-quarter low, headcount down by 8,812 staff

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ALSO READ: Wipro Q1 results: Earns consolidated PAT of ₹2,870 crore, rising by 12%; key highlights here Sharing the Q1 results via a stock regulatory filing, the firm said that its attrition volume under TTM (Trailing 12 months) stood at 17.3 percent from 19.4 percent in the previous quarter. TTM is a term used to describe the past 12 consecutive months of a firm's performance data, that's used for reporting financial figures.' In other data related to attrition, the firm said that in Q1 FY2023-24, the voluntary attrition TTM -- for IT services excluding ESOP -- was 17.3 percent, in comparison to 23 percent recorded in Q1 FY 2022-23.

While the same was recorded 19.4 percent in FY 2022-23 overall. Apart from this, Wipro's digital operations platform which is excluded from the voluntary IT Services attrition, was recorded 9.2 percent for Q1 2023-24.