N. Chadrasekaran, CEO of TCS, told analysts this month that some last quarter's business was pent-up demand. And while he warned financial analyst not to extrapolate other quarters from the most recent one, he nonetheless told them that "we are quite positive about the future."
Wipro Ltd. added 4,855 employees in its most recent quarter, raising its total workforce to 102,746 employees after relatively flat hiring over the past year. Its workforce in the year-ago quarter was 96,965.
Infosys added 4,429 employees in the last quarter, also its largest quarterly gain for the year, reaching 109,882 employees. One year ago, it had 103,078 workers.
TCS added 7,417 employees this quarter, raising its headcount to 130,509, not counting subsidiaries. In the year ago quarter Tata was at 125,629, and actually declined in the number of employees during the year.
The Indian firms compete for talent and some of the new hiring is important to their image in the labor market, said Vashistha. "There is a brand reaffirming that needs to happen; they need to recruit regularly otherwise the talent will start to go somewhere else," he said.
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