Hiring at top four IT firms touches eight-year high
Even as Indian’s technology sector sheds employees lacking required skills, companies are busy recruiting those with the right skill sets. This is reflected in the hiring trend of the top Indian information technology (IT) companies.
After a dip in the previous fiscal, net hiring at the top four IT companies hit an eightyear high of 78,500. The sample includes Tata Consulting Services (TCS 1.03 %), Infosys 1.89 %, Wipro 0.81 %, and HCL Technologies -0.17 % – ranked based on the size of their respective headcount
Hiring trend is often considered as a leading indicator of demand reflecting confidence of companies in future demand scenario.
While HCL Tech’s share in the sample’s employee base at 14.3% was lower than Wipro’s share of 17.8%, its revenue share exceeded that of the latter for the first time in FY 19. With $8,632 million in annual revenue, HCL Technologies contributed 17.4% to the sample’s revenue.
Wipro with $8,189 million of revenue on FY19, accounted for 16.5% of the sample revenue of over $ 49,534 milli ..