IT services hiring almost nil in last 6-7 quarters; no demand pick up likely in Q2: Quess Corp – The Economic Times

Quess Corp ED and CEO Guruprasad Srinivasan informed PTI that demand for technology talents is coming from world functionality centres and non-IT firms.

“Not less than for the final six to seven quarters. And we’re additionally not seeing very lively demand coming in, even in Q2 as effectively. So, IT providers being a bit muted or dehiring taking place, there was no influence on Quess,” he mentioned.

He added that 73 per cent of staffing demand for the corporate comes from non-IT and GCCs, the place demand for the know-how expertise pool is excessive.

“Expertise for AI, cloud, and cybersecurity sort of profile are excessive in demand. On common, the wage in itself is about Rs 1.25 lakhs. It is a excessive margin for us. In relation to margin, it is about 15 to 18 per cent,” Srinivasan famous.

Quess Corp has posted a 4 per cent improve in consolidated revenue after tax at Rs 51 crore in comparison with Rs 49 crore it recorded within the year-ago interval, pushed by development within the professional staffing section.

The corporate’s basic staffing and abroad enterprise remained nearly flat on a year-over-year foundation, whereas digital platform enterprise income declined by greater than half.

Srinivasan mentioned the combo of the corporate has improved with a rise in skilled staffing, which is a high-margin section for the corporate.

There have been indicators of restoration on the whole staffing, with robust momentum within the June quarter, he added.

Within the June 2025 quarter, the final staffing section of the corporate reported a income of Rs 3,122 crore, flat year-on-year and down marginally quarter-on-quarter amid a difficult working atmosphere.

“June 2025 was the primary month since December 2024 that we noticed an uptick throughout headcount, new demand, open mandates and fulfillments. General, within the quarter, we had internet provides of two,000, the place we additionally skilled a decline in April. Nevertheless, we noticed a restoration within the later a part of the quarter by including 6,500 numbers within the month of June itself,” he mentioned.

Srinivasan mentioned that almost all of latest additions this quarter got here from manufacturing, adopted by banking, monetary, shopper retail and telecom shopper, whereas retail and telecom noticed a marginal decline.

“Skilled staffing maintained its momentum from the earlier yr, posting its finest quarterly efficiency in over 15 years with income of Rs 244 crore. It achieved a double-digit margin of 10.2 per cent with our annualised income run charge approaching Rs 2,000 crore,” he famous.

Srinivasan mentioned the corporate’s publicity to GCC is 73 per cent, pushed primarily by demand from digital, high-tech, telecom, media and know-how and electronics sectors.

“In the course of the quarter, we additionally added 12 new contracts, every with a promising projection of headcount development in upcoming quarters. Our open mandates are at present over 1,200 positions. I imply, positioning us effectively to satisfy our demand from the sector perspective,” he mentioned.

BFSI continues to drive the expansion, adopted by telecom, product and tech sectors, whereas pharma and retail, auto and manufacturing confronted strain as a result of tariff-related headwinds, he mentioned.