India’s largest software service firm, Tata Consultancy Services (TCS) has reported that it made 30,000 job offers to fresh graduates this financial year. The campus offers by TCS are the highest in the past three years.
Tata Consultancy Services (TCS) has made headlines for winning large deals in the last few months. The hiring momentum is in line with the new accounts that the company added over the last months. The robust pipeline of deals is worth $15.8 billion in size. TCS hopes to increase its revenue from software deals this financial year.
(Image credits: TOI)
The momentum in large deals, especially in the banking and financial services sector has helped TCS in improving its growth trajectory. TCS’s EVP & head of global human resources, Ajoyendra Mukherjee said, “Going forward, our headcount addition will remain strong. This year we are quite confident about our double-digit revenue growth.”
TCS has hired 27,049 new employees in the last 12 months, as compared to only 7,000 in 2017. The total headcount stands at 4.2 lakh across global locations. In December quarter, TCS doubled its revenue growth to 12% on a constant currency basis. The December quarter revenue has been the highest in the last 14 quarters. The company has generated a large part of the business from banking, financial services & insurance companies in the North America region.
Referring to localisation of tech talent, Mukherjee further added, “We have been hiring in Latin America because we need Spanish and Portuguese language capabilities. In Asia Pacific, we are ramping up in Manila and China. In Australia and Japan too we are accessing local talent.”
The tech firm is not relying on the H-1B visa system to facilitate its US business. The localisation drive has helped TCS in hiring highest number of employees in the US. TCS reportedly visits 70 universities in the US for the campus recruitment drive. TCS is focusing on creating location-independent agile strategy.
Source - Techgig