Indian IT Firms Still Hiring Coolies

The economic slowdown notwithstanding, Indian IT services providers are still hiring.

Tata Consultancy Services (TCS) said today it added 11,773 employees (net 8,692 employees) in its fiscal third quarter to take its total employee headcount at the end of 2008 to 130,343.

Last week, Infosys said it added 5,997 employees (net 2,772) in the third quarter.

It’ll be interesting to see how many employees bribe-giver Wipro added in the third quarter (Wipro Q3 results coming on Jan 21).

Au contraire, the picture for employees in most sectors is getting worse by the day in the U.S.

Employee Count of Major Indian Software Houses
TCS – 130,343 (TCS added 41 new clients in Q3)
Infosys – 103,078 (INFY added 30 new clients in Q3)
Wipro – 97,552 (at end of Q2; Q3 results coming on Jan 21)
Satyam – 53,000 (ha ha ha…you can’t believe the crooked buffoons who wiped out shareholder value)

By the way, here are the highlights for TCS’ fiscal third quarter ended December 31, 2008

*  Revenues at $1,483 million flat Y-o-Y; (5.8%) Q-o-Q
*  Net Income at $276 m (18.0%) Y-o-Y; (3.5%) Q-0-Q
* EPS at $0.28 in Q3
* 41 new clients added in Q3
* 11,773 employees joined the company in Q3
* Attrition rate declined to 11.9 LTM
* Quarterly dividend of Rs 3 per share – 18th Consecutive Quarterly Dividend

One Response to "Indian IT Firms Still Hiring Coolies"

  1. siva   January 16, 2009 at 8:31 am

    BusinessWeek link Responds:


    And what’s your stand, kiddo?

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