Accenture attrition rises to 17% as demand for services grows

BENGALURU: Accenture’s attrition jumped to 17% in its third quarter (March-May), compared to 11% in the year ago quarter, as demand for new age skills rise with companies engaged in massive digital transformations.

Attrition was 12% in the December-February quarter. The trend is similar to Cognizant ‘s, whose attrition climbed to 21% from 19% sequentially. For TCS and Wipro, attrition in the January-March quarter was at a low of 7.2% and 12.1% respectively. Infosys saw it rising to 15.2%, from 10% sequentially. Company executives said that the numbers are expected to go north as demand rises. A better comparison with Accenture will be possible when their April-June quarter numbers come out.