TCS to hire 30,000 next fiscal

Tata Consultancy Services (TCS), the country's largest software vendor, today said growth in the fourth quarter would continue the momentum of the previous ones and that the IT industry overall would see an improvement in the number of deals in the pipeline.

"The growth is definitely there and we should stick to what we have said earlier... The growth momentum in the last two quarters will continue this quarter also but we have to see whether it will be better than those during the boom days," TCS Chief Financial Officer and Executive Director S Mahalingam told reporters on the sidelines of a CII-IFRS summit here.

With the IT industry firmly on the growth track, the company plans to hire 30,000 personnel in the next fiscal.

On increments, Mahalingam said the company would be announcing the same around April, but did not divulge the quantum.

He, however, said it would definitely be as per industry standards and in line with the prevailing economic scenario.