TCS swears by digital tech, to train over 1 lakh employees

Country's largest software exporter Tata Consultancy Services (TCS) today said it's training over one lakh employees this year in digital technologies.
The Mumbai-based firm has been witnessing a strong traction in digital services and is placing big bets on new technologies.
"Given the strong pipeline and market adoption of digital services across industries, we are investing to train over 1,00,000 professionals this year in all relevant technologies," TCS CEO N Chandrasekaran said.
He added that the company has made a big investment in its training programme.
TCS, which announced its first quarter earnings today, had a headcount of 3,24,935 as of June 30, 2015. It added 20,302 (gross) employees during the said quarter.

The company said on LTM (last twelve months) basis, the attrition rose to 15.1 per cent (IT services) in the June quarter, from 13.8 per cent in the previous quarter.

"It is not a cause of concern... We are confident of getting it under control in the next few quarters," he said, adding that the company is already implementing a number of programmes, including digital training to rein in attrition.
TCS today reported a 2.08 per cent rise in consolidated net profit at Rs 5,684 crore for the quarter ended June 2015, from Rs 5,568 crore in the year-ago period.

The company's consolidated revenue jumped 16.08 per cent to Rs 25,668 crore for the June quarter, from Rs 22,111 crore a year ago.