TCS hiring: Gung-ho firm to upwardly revise jobs target

Written by PTI | Mumbai | Updated: Oct 16 2013, 02:37am hrs
TCS hiringTCS is looking at hiring numbers: Chief Executive and MD N Chandrasekaran. PTI
IT giant Tata Consultancy Services (TCS), which today reported a 35 per cent rise in consolidated net profit at Rs 4,633.33 crore in the second quarter ended September 30, has said it may revise upward hiring numbers in the current fiscal.

"We have a good demand. So we are looking at hiring numbers and the target for this year may be slightly revised upward," Tata Consultancy Services Chief Executive and MD N Chandrasekaran told reporters here today.

He, however, did not disclose the quantum of additional hiring the company is looking at. The country's largest software exporter had earlier said it plans to hire 45,000-50,000 employees in FY14.

He said the employee utilisation, excluding trainees, has gone up by 75 basis points this quarter to 83.4 per cent.

"We will march up again this quarter (Q3) hopefully. So we are looking at hiring numbers and we are having discussions on this issue."

Chandrasekaran said the attrition rate in the company's IT segment during the quarter stood at 9.9 per cent, while overall it was at 10.9 per cent.