The first quarter of TCS hiring was the highest in five years, more than 30,000 letters of union issued
NEW DELHI: Tata Consulting Services ( TCS ), The largest software services company in India, announced on Tuesday that it has added more than 12,000 jobs during the first quarter, ended June 30. In a notice to the exchanges, the IT company said: Strong hiring in the first quarter resulted in a net addition of 12,356 employees, the highest in the last five years.
TCS added that it has issued joining letters to over 30,000 fresh graduates and 40 per cent of them have been onboarded in Q1 and the rest are expected to join by Q2 (September 30).
As of the first quarter, the total workforce of the company stood at 4.36.641. With ongoing initiatives to attract the best local talent in major markets, the workforce is becoming more diverse, the company said.
The percentage of women in the labor force increased to 36.1 percent, while the total number of nationalities represented increased to 149, he added.
By the end of the first quarter, more than 3,15,000 employees had received training in multiple new technologies, and more than 3,61,000 had received training in agile methods, the notice said.
The vibrant, enriching workplace and best-in-class retention rates at TCS are a key competitive dlfferentiator. Customers value the lower attrition because it results in greater stability and fewer disruptions in our service delivery. retain the contextual knowledge gained over time, and use that to build differentiated solutions tailored to each customer's unique requirements, said Mlllnd Lakkad, global head, Human Resources.
Tata Consulting Services Q1 net profit rises 10.8% to Rs 8,131 croreThe country's largest software exporter Tata Consulting Services ( TCS ) on Tuesday posted a net profit of Rs 8,131 crore for the first quarter, ended June 2019, up 10.78 per cent as against Rs 7,340 crore in the same period last year.
TCS reported 10.8 per cent growth in consolidated net profit to Rs 8,131 crore for the Q1. It had posted a net profit of Rs 7,340 crore in the year-ago period.
Shares of TCS ended at Rs 2,131.45 on the BSE index, over 2 per cent lower from its previous close.