TCS to upwardly revise hiring numbers for FY14

Last Updated: Tuesday, October 15, 2013 - 20:57

Mumbai: IT giant TCS, which on Tuesday reported a 35 percent 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," TCS Chief Executive and MD N Chandrasekaran told reporters Tuesday.

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 percent.

"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 percent, while overall it was at 10.9 percent.

PTI
First Published: Tuesday, October 15, 2013 - 20:57

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