Bangalore, May 17 UNI | 2 months ago

India's top IT employer Tata Consultancy Services (TCS) today said it will stick to its target of hiring 55,000 people during this fiscal, to add to its work force of 3,00,000, a top official today said.

Speaking to reporters here, he said TCS was very happy it crossed the three lakh employee force and it continued hiring from the campuses.

'We have hired for, next year, 25,000 from campuses and will meet the target.

When asked whether the company faced shortage of skilled workers in its new technology initiatives including cloud and big data, CEO and Managing Director of TCS T Chandrasekaran said the company had invested into the new projects and was hiring laterals in big number from different sources.

Mr Chandrasekaran said TCS had been hiring laterals for projects in new technology offerings since early 2012 and had made good progress. There had been a number of IPs created and foundation software in place, all of which were yet to be brought to the market.

TCS adopted development of new technologies early 2012 and formally launched some new practices. This will be a USD 4-5 billion dollars next two three years, he said.

"This is the opportunity at least. We are only expecting that it will accelerate in future because new technologies are coming very frequently and companies need to adopt.

"From TCS point of view we have multiple focus area, we have an enterprise offering digital services, he said.

The TCS chief said the consumers should be allowed to adopt to new technologies as it is a few years cycle. Some happen fast and some later.

"This remain a big focus are for the company and it was doing it with urgency as the opportunities will are in the near term," he said.

Mr Chandrasekaran said the IT market worldwide continues to be optimistic and the economic slowdown was easing.

"For TCS, US market continues to be very attractive and as it is the State that will adopt technologies, while it make economic recoveries faster," he said.

On Europe, he said definitely it was doing better and TCS witnessed significant growth all through last year and it expect to continue it this year.

He said TCS was also bullish on Asia as its strategic transactionwith a Japanese company last month would definitely drive new opportunities.

This apart, other markets like Latin America , the Middle-east and Africa were also important.

In India, TCS will also remain a strong bidder for IT projects both in the public and private sectors which will see a spurt in IT spending following the Lok Sabha election, he added.

(Posted on 17-05-2014)