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TCS Registers Q2 Results, Hires 5,726 New Employees Indicating Optimism in Employment Growth

CIO Insider Team | Friday, 11 October, 2024
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IT major, Tata Consultancy Services (TCS) registered Q2 results for the fiscal year 2024–25, and hired 5,726 new employees in the same quarter, indicating optimism in employment growth.

After a long ordeal, the IT major on-boarded 612,724 people overall as of the end of September, up from 606,998 at the conclusion of the preceding quarter in June.

After three continuous quarters of employment decrease, TCS employed 5,452 people in Q1, signaling an encouragement for people on job hunts in the IT field.

The company is said to have hired 11,000 new employees overall in the first half of this fiscal year, indicating a strong hiring trend that could serve beneficial for job seekers in the tech sector.

With 35.5 percent of its workforce being made up of women and team members from 150 different nations, TCS boasts an exceptionally diverse workforce.

As a result of the company's substantial investments in staff development, TCS employees have acquired 2.6 million new capabilities and accrued an amazing 26.1 million learning hours.

In spite of a competitive labor market, the IT services industry has a 12.3 percent attrition rate, which indicates a comparatively steady employment base.

After a long ordeal, the IT major on-boarded 612,724 people overall as of the end of September, up from 606,998 at the conclusion of the preceding quarter in June.

TCS recorded a five percent increase in net profit for the second quarter, reaching Rs 11,909 crore from Rs 11,342 crore in the same period previous year, in addition to the expansion in workforce.

Additionally, revenue increased by eight percent annually to Rs 64,259 crore. T

his financial success serves as a testament to TCS's tenacity as well as its dedication to its stakeholders and workforce.

TCS declared a second interim dividend of Rs 10 per share, with a record date of October 18, in recognition of its outstanding performance.

On November 5, shareholders can anticipate receiving their dividends, which demonstrates the company's commitment to compensating its investment.

The IT industry seems promising for techies looking for work, especially with TCS's impressive Q2 earnings and aggressive hiring plans.

Given its emphasis on cultivating a diverse workforce and advancing talent, TCS continues to be a desirable option for individuals seeking career advancement.

IT professionals should anticipate exciting potential in the near future as the organization continues to grow and adapt in a continuously changing sector.



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