Tata Consultancy Services (TCS) has demonstrated steady progress in employee growth, adding 5,726 new employees in Q2 FY25. This increase follows a similar trend from Q1, marking a consistent recovery from the headcount decline witnessed across three previous quarters. With the latest additions, TCS’s total workforce has reached 612,724 as of September 2023, a notable milestone for the IT giant.
Active Fresh Talent Recruitment and Campus Hiring for FY26
To address its growing business needs and upcoming projects, TCS is actively hiring fresh talent. In the first half of FY25 alone, TCS onboarded over 11,000 associates. Moreover, it aims to hire 40,000 freshers by the end of the fiscal year in March 2025, underscoring its commitment to cultivating a talent pipeline to drive future growth. TCS has also initiated campus hiring for FY26, targeting the next wave of technology professionals.
Low Attrition and Strategic Hiring Planning
Despite a slight uptick in attrition to 12.3% in Q2 compared to 12.1% in Q1, TCS’s attrition rate remains lower than the 14.9% reported in the second quarter of the previous year. According to Chief HR Officer Milind Lakkad, TCS’s hiring plan aligns with a long-term vision of “complex technology transformations” that are entrusted to the company by clients worldwide. Lakkad emphasized that the company’s strong talent base and enhanced learning initiatives are integral to meeting these complex requirements.
TCS’s Financial Growth in Q2 FY25
In addition to hiring growth, TCS reported a 5% increase in net profit, reaching Rs 11,909 crore in Q2 FY25. However, this figure came in slightly below analyst expectations. Revenue for the quarter rose by 7.6% year-over-year to Rs 64,259 crore, showcasing TCS’s continued expansion in its services portfolio and geographic reach.
Outlook for 2024 and Beyond
After reporting its first-ever annual employee reduction in FY24, TCS’s renewed hiring and growth strategies reflect its focus on long-term scalability and workforce sustainability. The ongoing onboarding and campus recruitment initiatives indicate that TCS is positioning itself to meet the demands of complex, large-scale technology solutions that are essential to its global clientele.
Conclusion
TCS’s robust Q2 performance in hiring and revenue highlights its commitment to growth, both in human resources and financial terms. By fostering a sustainable talent pool and strategic hiring approach, TCS continues to strengthen its position as a leader in the IT services industry.
