TCS reports rise in Q1 hiring, gives 4.5-7% increment

Tata Consultancy Services (TCS) on Thursday reported an increase on the hiring front during the April-June quarter — its first after three straight quarters of decline. The company saw its headcount increaseby 5,452 sequentially, ending the April-June period with a total headcount of 606,998.

During the March quarter, TCS had reported a sequential headcount dip of 1,759, even as revenue grew 3.5% on-year. The firm had ended FY24 with 13,249 fewer employees compared to FY23, the first in two decades, which analysts had described as a broader trend plaguing the IT services industry.