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TCS sees growth momentum continuing

TCS sees growth momentum continuing
PTI
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First Published: Wed, Mar 17 2010. 04 46 PM IST
Updated: Wed, Mar 17 2010. 04 46 PM IST
Mumbai: Tata Consultancy Services, the country’s largest software vendor, on Wednesday said that 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 said during the CII-IFRS summit.
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 that the company would be announcing the same around April but did not divulge the quantum.
He, however, said that it would definitely be as per industry standards and in line with the prevailing economic scenario.
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First Published: Wed, Mar 17 2010. 04 46 PM IST