Economy
TCS Expands Bench and Increases Subcontracting Ahead of Anticipated Demand
The Hindu1h
THE BRIEF
1
Tata Consultancy Services expanded its bench strength and increased hiring of subcontractors both in India and overseas to prepare for upcoming deployment demands.
2
TCS's total workforce grew by 4,258 sequentially to reach 598,056 employees at the end of the quarter, alongside onboarding 10,000 university graduates.
3
The IT major reported an operating margin of 24% while noting that annualised revenue from artificial intelligence reached $3.1 billion.