Wednesday, 12 April, 2023

Salary costs for IT services companies are growing faster than revenues

<p>In recent years, IT services firms have experienced a sharp increase in hiring and revenue growth. But despite rising labour costs, industrial profits are not keeping up. The six IT services companies saw net revenues per employee increase to almost Rs 38 lakh in FY22 from an average of Rs 33.5 lakh in FY17 and Rs 37.3 lakh in FY20.</p>