TCS sees growth momentum continuing; to hire 30,000 next fiscal

IT major, Tata Consultancy Services (TCS), today said that its growth momentum in the last quarter of this fiscal would be better than the previous quarter and that the entire IT industry would see an improvement in the deal pipeline.

IT major, Tata Consultancy Services (TCS), on Wednesday said that its growth momentum in the last quarter of this fiscal would be better than the previous quarter and that the entire IT industry would see an improvement in the deal pipeline.

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"The growth is definitely there and we should stick to what we have said earlier...the growth momentum in the last two quarters will continue this quarter also but we have to see whether it will be better than those during the boom days," TCS Chief Financial Officer and Executive Director, S Mahalingam, told reporters on the sidelines of a CII-IFRS summit here.

On increments to its employees, Mahalingam said that the company would be announcing the same around April but he would not be able to divulge the quantum now.

The TCS official, however, said that it would definitely be as per industry standards and keeping in view the prevailing economic scenario.

Mahalingam said that the company has planned to hire 30,000 personnel in the next fiscal.