The demand for digitisation and new-age technologies has created job opportunities for
The Indian service exporters are bolstering their workforce to complete client projects who have migrated to digital. The IT firms have clocked large deals in recent time as businesses around the world have shifted to outsourcing to reduce operational costs.
Following the June-quarter results, companies had stalled recruitment. However, IT companies have resumed employing and honouring all campus offers made to the college graduates. Several IT firms have reported the new deal.
Since the new-deals pipeline is healthier and stronger than before. The companies started hiring new employees. Industry experts believe that Covid-19 pandemic may have put a temporary hold on IT hiring but contract recruitment will increase as companies try to cut long-terms cost commitments.
TCS has reported 21% new deal wins at $6.89 billion as compared to last year. During the earnings call, TCS CEO Rajesh Gopinathan said, “Overall, from a first-quarter order book perspective, contrary to the fears of economic uncertainty and travel restrictions etc., deal closures have continued at pace.”