vIndianz.com (18 Jan, 2010) — Indian outsourcer Tata Consultancy Services expects to enhance wages in the 2011 financial year, a top administrative said on Monday.
On Friday, the top software outsourcing firm thrashed street estimates with a 33-percent increase in periodical profit as demand for outsourcing surged and prices stabilized.
In a regulatory statement, TCS said its revenues in the third quarter of fiscal 2009-19 rose 5 per cent YoY to Rs 7,649 crore, while its revenue from operations stood at Rs 7,648.54 crore, compared to the Rs 7,277 crore it posted in the year-ago period.
“better-quality market existence helped TCS leverage the global economic revival and post sequential across all operating regions,” the company said in the statement.
The company board, which met earlier on Friday, in addition confirmed a third interim dividend of Rs 2 per equity share of Rs 1 each.
The IT major also said it is looking at hiring 8,500 trainees and about 3,000 laterals in this quarter.
Throughout the third quarter, TCS had a gross addition of 12,854 employees, which includes a net addition of 7,692.
“We have had significant employee additions in Q3 and still have increased our talent utilization to industry leading levels. We remain prepared to meet the growth in demand,” Mukherjee said.
The attrition rate in Q3 was at 11.5 per cent with attrition in IT services at 10.8 per cent and BPO at 18.3 per cent, Mukherjee said.
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- Intel Boosts Dividend for Second Time in 6 Months – Bloomberg
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