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On a year-on-year basis, the company added 897 employees. Total headcount for Q1FY26 stood at 1,48,517.
R&D delays and global EV headwinds temper growth momentum
Over 80,000 job seekers have already been placed in FY25 under the initiative.
Margins took a hit because of the company’s investments for the future
The company is expecting to have about 15-20 percent of the freshers hired this fiscal year to be 'elite cadre', while it is open to hire more but the focus will be on quality over quantity
The company also tightened its operating margin guidance to 17-18%, down from the earlier range of 18-19%, which reflects near-term challenges.
Despite expecting decent growth in Q1 in the international markets, TCS saw project delays driven by the macroeconomic challenges that led to the negative growth, Krithivasan said.
Currently, many global banks have 60-70 percent of their technology and operations teams based in India. In some cases, up to a third of their global headcount is concentrated here.
From Infosys to Wipro, TCS, HCLTech, and Tech Mahindra, annual reports show a decisive pivot: a push to move away from purely linear, headcount-led services revenue toward intellectual property and high-margin platforms.
The current financial year is likely to be similar to FY25 despite assumptions of a back-ended recovery
Through this agreement, HCLTech will transform the Kiwi city council’s IT services across cybersecurity, hybrid cloud, asset management and network services
“We have been in deep communication with the White House about the uncertainty. We just need to get to clarity so we can actually respond,” Cisco's CEO Chuck Robbins said during his India visit.
Robbins shared that India has also proven to be a "viable place" for the company to export products out of. Cisco has been working with the government to get all the licenses needed for it, he said.
Going by their deal pipelines, IT players, including TCS, were in the previous quarter cautiously optimistic about growth in FY26. Their commentary will be closely tracked to see if the optimism prevails
In India, WNS had around 44,117 professionals as of March 31. The company has offices across Mumbai, Pune, Gurgaon, Nashik, Bangalore, Chennai, Vizag, Indore, Trichy, Hyderabad and Noida.
The first quarter saw a continued sectoral slowdown due to concerns over Trump’s reciprocal tariffs, global trade tensions, and ongoing wars, but deal wins were better than expected, analysts said.
IT and BPM convergence may become the new world order as competition in the AI era intensifies, industry analysts have said after Capgemini agreed to buy IT outsourcing firm WNS Holdings.
Together, the merged entity is staring at a $1.5-trillion emerging market opportunity, as WNS provides the ideal incubation business to develop leading-edge Services-as-a-Software (SaaS) to Capgemini, said Phil Fersht, CEO, HFS Research.
The transaction will immediately unlock cross-selling opportunities, Capgemini has said. It will also lay the foundation of capabilities to seize the Intelligent Operations strategic market opportunity
He highlighted that as AI systems increasingly handle the "how" of building and execution, engineers must focus on defining the “what” and “why."
While AI will have a significant impact on services, large IT companies are unlikely to fully automate due to the complexity of legacy systems, D’Souza has said
The government is keen to emulate the IIT Madras Research Park model to boost talent issues in GCC industry
FY25 earnings were impacted by a Rs 161 crore one-time provision, which management termed an 'acceleration of expected credit loss' to clean up the balance sheet.
Customers are moving from investing into AI infrastructure, PoCs to AI-driven services, driving new opportunities for LTIMindtree capture. AI will be a big pivot to win large deals, Deshpande said.
Infosys leadership also disclosed that over 20,000 employees are actively using GitHub for coding, which is among the largest users of the platform in the IT industry.
