In its Q4FY23 financial report, Tata Consultancy Services (TCS), India’s largest information technology (IT) exporter, stated that the business had onboarded 44,000 freshers during the course of FY23 and that it will respect all offer letters.
According to Milind Lakkad, Chief Human Resources Officer of TCS, “During the year, we onboarded over 44,000 freshers and also the highest-ever number of experienced professionals.”
He also mentioned that during the fiscal year 23 the number of employees at the firm expanded by 22,600, bringing the total to 6,14,795, with a net growth of 821 workers during the quarter ending in FY23. “We are honouring all job offers, and have added 22,600 employees on a net basis in FY23,” Lakkad stated.
According to the CHRO, “We also doubled down on organic talent development. During the course of the year, we obtained over 53,000 cloud certifications, bringing the total number of employees certified on hyperscaler platforms to over 1,10,000.” As a result, we are now considered one of the top two partners for the world’s leading cloud providers.
According to the filings that were made with the exchanges, TCS’ consolidated income from operations came in at Rs 59,162 crore, which is an increase of 16.9 percent from Rs 50,591 crore in the same quarter of the previous year. During the December quarter of fiscal year 23, it reached a total of Rs. 58,229 crore.
The information technology giant’s net profit for the fourth quarter increased by 14.8% to 11,436 crore.
The present Chief Executive Officer and Managing Director of the firm, Rajesh Gopinathan, will step down from his position on June 1, 2023, and be succeeded by K Krithivasan for a term of five years. Krithivasan will take over for Gopinathan.
In the results report, Gopinathan made the following observation: “It is very satisfying to look back at our strong growth in FY23, on top of the mid-teen growth in the prior year.” The robustness of the demand for our products and services is reflected in the size of our order book, which in turn provides us with visibility for growth over the next several years.
“Krithi and I are working closely together to ensure that the leadership transition that will take place over the next few months is smooth and seamless for all of our stakeholders, and that TCS is well positioned to capture the opportunities that lie ahead,” he continued.
