TCS to add 18,000 freshers in the next three months

• Tata Consultancy Services (TCS) will add 18,000 freshers in the next three months
  
• Its profits too grew by 10.8% to ₹8,131 crore as compared to Rs 7,340 crore in the first quarter last year.
  
• TCS has trained over 315,000 employees in new digital technologies.
  

The country’s largest company by value, Tata Consultancy Services (TCS) will add 18,000 freshers in the next three months, according to a press release.

This is after they added 12,356 employees during the first quarter of the year, which is the highest ever addition in the last five years. They had given out 30,000 joining letters to freshers and 40% of them have come onboard already.

This hiring plan comes on the back of strong growth in revenues at 10% in the first quarter ending June 2019. Its profits too grew by 10.8% to ₹8,131 crore as compared to ₹7,340 crore in the first quarter last year.

The company also said that its attrition is at 11.5%. “TCS account teams are better placed to retain the contextual knowledge gained over time, and use that to build differentiated solutions tailored to each customer’s unique requirements,” said Milind Lakkad, Global Head, Human Resources in a press release.

Digital Transformations

TCS also said that more of its customers are undertaking digital transformation projects, swelling its orderbook.

“We have had a steady start to the new fiscal year. We see customers continuing to spend on their growth and transformation initiatives, and that is showing in our strong order book and deal pipeline this quarter,” said Rajesh Gopinathan, Chief Executive Officer and Managing Director of TCS.

During the quarter, the company gained two large financial sector clients during the quarter.

“We are confident of the future as we embrace deeply the Machine First philosophy in delivering experiential and modern solutions to our clients,” said N Ganapathy Subramaniam, Chief Operating Officer & Executive Director.

To be able to deliver these services, TCS has also trained over 315,000 employees in new digital technologies.