As attrition drops, Indian IT majors eye higher margins

The operating margin of Indian IT majors is expected to get better as attrition — a major factor which was dragging down profitability of the companies for the last few quarters – is registering a significant drop as the demand cycle is expected to moderate and industry wide layoffs have cooled off the “job market”. According to experts, the attrition or number of employees leaving in the last 12 months has come down in the range of 17-18% across the tech industry.