Tata Consultancy Services (TCS), India’s largest information technology (IT) services provider, said it had so far made campus offers to 43,600 engineering freshers for 2012-13, higher than the 37,800 offers made this year.
The company said these numbers represented the offers made to only engineering students at Indian campuses and the final hiring target for 2012-13 would be announced by the end of March. The target will include hiring from foreign campuses and lateral (experienced) offers.
At a time when IT budgets are under pressure, the hiring trend represents the demand outlook for the next financial year. For TCS, which does not give revenue guidance, the hiring numbers gave a sense of the spending patterns of its clients.
In 2011-12, TCS will end up hiring around 66,000 employees. In the last three quarters, it has added 51,000 employees (both lateral and campus hires) and will add another 15,000 during the January-March quarter. Of this, 9,000 will be freshers. The ratio of freshers to laterals was 70:30 in the third quarter.
Bangalore-based Infosys said last week it had made offers to 14,000 students for 2012-13.
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