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Tata Consultancy Services, is one of the biggest software services provider in India. During the year 2013, the company reported a huge net profit of around $90 crore during the third quarter ended 31st December 2013.
The company provides a stable business environment for its clients.A strong international demand for the company's services and discipline in execution has helped the company to maintain the momentum of growth in rendering of services.
Overall economic development in the World economy has increased the need for software services. Demand for the company's services was driven by industries like life sciences and healthcare, manufacturing, media, travel and telecom.
The growth of the company has been accompanied by the growth in hiring as well. During the last quarter of 2013, there was a net addition of 5463 employees, taking the employee strength to 2,70,913. While the attrition rate has been stable at 10.9 percent, the company is increasing its hiring target this year by 5000 employees to reach a hiring level of 55,000 employees.
The relationship between the growth of the company and the employment level within the industry provides a good example of the direct relationship between growth and employment in industries in the modern era.
Tata Consultancy Services, is one of the biggest software services provider in India. During the year 2013, the company reported a huge net profit of around $90 crore during the third quarter ended 31st December 2013.
The company provides a stable business environment for its clients.A strong international demand for the company's services and discipline in execution has helped the company to maintain the momentum of growth in rendering of services.
Overall economic development in the World economy has increased the need for software services. Demand for the company's services was driven by industries like life sciences and healthcare, manufacturing, media, travel and telecom.
The growth of the company has been accompanied by the growth in hiring as well. During the last quarter of 2013, there was a net addition of 5463 employees, taking the employee strength to 2,70,913. While the attrition rate has been stable at 10.9 percent, the company is increasing its hiring target this year by 5000 employees to reach a hiring level of 55,000 employees.
The relationship between the growth of the company and the employment level within the industry provides a good example of the direct relationship between growth and employment in industries in the modern era.
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