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What Covid did to IT hiring in India, in charts

What Covid did to IT hiring in India, in charts
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Amidst the pandemic gloom, the Indian IT services sector has been spreading some cheer, with plans to hire thousands of engineers in the coming months. Last week, TCS, Infosys and Wipro kicked off the results season for the $200 billion industry with hiring announcements. TCS and Infosys said they would hire 40,000 and 26,000 freshers, respectively, this financial year. Wipro said it would onboard more people than it did last year. Earlier, HCL Technologies, Accenture and Dell had all announced plans to expand their employee base in India. ....

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TCS hires 40,185 people in FY21 as pandemic shoots demand for tech services

Express News Service
BENGALURU: India’s largest IT services company, Tata Consultancy Services (TCS) hired 40,185 employees for FY20-21(FY21) amidst job uncertainties and lay-offs globally.
The software services exporter said that the attrition rate for FY21 remained at an all time low at 7.2% and the total headcount jumped to 488,649.
TCS saw the highest ever addition of employees (19,388) in a quarter during Q4, FY21 as company Chief Human Resources Officer, Milind Lakkad, said that all the hiring commitments for the financial year were honoured. He added that the company will continue to look actively for talent from the market in addition to hiring from the colleges. ....

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TCS has broken many records in the last the three months

Attrition
Lowest ever
The net income for the quarter grew 15.6% to $1.26 billion with a wider margin of 26.8%. The company declared a dividend of ₹15 a share. However, some reports suggest that the bottom line has been below expectations.
TCS share price is already near its all-time high. Market participants expected a good quarter as the pandemic had forced companies to digitise their operations and process at a scale never seen before. The entire Nifty IT index, which includes peer stocks like Infosys, Tech Mahindra, and HCL Tech aside from the smaller peers, gained over 6.6% in the three months ending March 2021, a lot more than the benchmark index Nifty, which went up 5.1%. ....

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TCS to hire 1,500 tech staff in UK over next year- Business News

TCS to hire 1,500 tech staff in UK over next year
The announcement followed a meeting between TCS chief executive Rajesh Gopinathan and visiting UK trade secretary Liz Truss on Monday where the two sides discussed the company s commitment to continue investing in the UK s economy
BusinessToday.In | February 10, 2021 | Updated 13:21 IST
Tata Consultancy Services has grown its business in the UK almost four-fold over the last decade, making it one of the largest providers of IT and IT-enabled services in the nation
Tata Consultancy Services (TCS) said on Wednesday, February 10, that it will hire 1,500 technology employees in the UK over the next year. ....

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