TCS Hires 20000 Freshers in First Half of FY23 | TCS, the country’s largest IT company, has informed its shareholders about its latest job offers. In the first half of FY23, TCS hired 35,000 freshers. In the second quarter of this year, 20,000 new employees were hired, the company announced on October 10.
In the first half of FY22, TCS hired 43,000 freshers, which is fewer than the 43,000 hired in FY21. Over 1 lakh people were recruited during the entire year.
TCS Hires 20,000 Freshers
According to India.com, it plans to hire 10,000 to 12,000 freshers more in FY23, but its new targets will be determined following the third quarter.
In the September quarter, TCS hired 9,840 employees, bringing its headcount to 6,16,171. In the previous quarter, the company hired 14,136 new employees. A total of 19,690 employees were recruited before that.
According to TCS’s chief HR officer, Milind Lakkad, the company has honored all job offers. “Reflecting our culture of being committed to our employees, we have honored all the job offers we had made.
Our investments in capacity building and organic talent development have allowed us to substantially grow our business ahead of headcount addition this quarter. We believe our quarterly annualized attrition has peaked in Q2 and should see it taper down from this point, while compensation expectations of experienced professionals moderate,” said Lakkad.
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In the meantime, TCS reported a profit of Rs 10,431 crore for the September 2022 quarter, an 8.4% increase over the same period last year. During April-June 2022, the company’s revenue rose 18 per cent to Rs 55,309 crore, up from Rs 46,867 crore a year ago. A net profit of Rs 9,624 crore had been made by the company in the previous financial year.
A BSE filing indicates that TCS’ net profit rose 10.05 percent from Rs 9,478 crore in the previous quarter. Revenues grew 4.83 percent from Rs 52,758 crore to Rs 42,178 crore, up 20.47 per cent.
During the second quarter of FY23, TCS’ total expenses jumped 20.47 per cent to Rs 42,178 crore, up from Rs 35,009 crore. As compared with September 2021, the company earned Rs 28.01 per share during July-September 2022.