TCS CEO: Demand pipeline strong

[jayanthi mandhalapu]

Tata Consultancy Services Ltd, India's top IT services firm by sales, is seeing stability on the ground and the company's demand pipe
line is good, Chief Executive S Ramadorai said on Monday.

After posting a scorching pace of growth for years, India's export-driven outsourcing sector has been battling a slowdown as top global customers were hit by the financial crisis and economic downturn.

Last week TCS said that it would hire 25,000 people this year, a move that is likely to give a fillip to the country's IT recruitment.

"We have an employee strength of 1.45 lakh people and we want to add 25,000 more people this year," TCS vice-president (head global government industry group) Tanmoy Chakrabarty said.

Announcing its first quarter results TCS has said that it remained on track for graduate hiring programme in 2009-10. Analysts said promising hiring plans of TCS comes after a big, long dull in the segment and it would boost IT recruitment scene.

Domestic IT companies had applied brakes on fresh recruitment after their biggest market US slipped into recession following global financial turmoil.