‘Top tech firms had $15-bn deal pipeline’
The Hindu
‘Talent shortage, increased attrition remain key challenges for tech firms’
Some of the leading tech firms announced a combined deal pipeline of more than $15 billion during the second quarter of FY22, signalling the continuation of the positive demand momentum in the market, Nasscom said in its quarterly industry review released on Friday.
During the September ended quarter, attrition maintained its uptrend reaching 19.3%, up from 17.5% last quarter, and this increase continued to be driven by the rising demand for new-age digital skills across industries, the apex body said.
In an analysis of the Q2 performances of member companies, Nasscom further said talent shortage driven by increased attrition, remained a key challenge that tech firms required to address on priority.
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