Hiring goes aloft at IT companies, Tech demand improves
According to a recent ET report, Top IT services provider companies – TCS, Infosys, Wipro, and HCL Technologies – upped the recruitment in the second quarter, ending on 30th September, adding over 17,000 employees.
- TCS has recruited 9,864 people
- Infosys has recruited 975 people
- HCL has recruited 2,798 employees
- And Wipro has added 3,439 employees
This is an uptick from the first quarter when the four companies reported a net reduction of over 9,000 workers. The overall number in the first half of this year, though, remained much lower than in 2019.
With the surge in demand for its services, Tata Consultancy Services looks to hire 10,000 people in the U.S. by 2022.
Net profit of India’s largest software services exporter TCS rose 6.6% sequentially to Rs 7,475 crore in the July-September period, according to an exchange filing. The company reported 4.1% sequential growth in revenue to $2.7 billion from North America in the September 2020 quarter.
Infosys, India’s second-biggest IT firm also announced that it will roll out salary hikes and promotions across all levels effective January 1, 2021. The company had over 2.40 lakh employees as of September end and hirings are expected to grow in the coming quarters.
HCL Technologies has decided to restart hiring and plans to hire 12,000 freshers for FY21. The tech firm has already closed the hiring of 3000 employees i.e. 9000 more freshers will be hired.
Wipro has reported better than expected margins and strong revenue growth. And the company said that Wipro will continue to hire in the second half of this financial year.
Over the past few years, Indian IT firms have significantly increased hiring in the U.S. and other international markets as these countries have taken steps to tighten their work visa regimes.
The reports show trends are encouraging. Recruitment indicates there is demand in the market and which reflects the growth of the economy.
