Indian IT giant Tata Consultancy Services (TCS) continues to defy the economic slowdown with a 24% increase in sales and over 20% increase in staff.
The company is the first Indian IT supplier to hit the $10bn mark for annual sales revenue.
TCS reported sales worth $10.17bn for its latest financial year which ended last month, and a profit of $2.2bn. It now boasts at least 14 customers that spend over $100m annually.
During the latest 12-month period the company also increased its workforce by 39,969 to a total of 238,583. In a sign of continued growth, TCS has also made over 43,000 offers to trainees to join this year.
“With business demand continuing to be robust, we have made 43,600 offers on campuses for trainees to join us from the second quarter of this fiscal year.” said Ajoy Mukherjee, head of global human resources.
“Our efforts to increase retention by engaging with our employees and offering them a progressive career path are paying dividends with attrition rates falling further.”