Traditionally December quarter has always been weak for IT companies because of the holiday season which leads to fewer billing days. This time, the weakness was further aggravated by troubles in the Indian market, which included the Chennai floods
Tata Consultancy Services, India's top software services exporter, expects to hire as many or slightly less than the more than 50,000 employees it hired in 2010 this year as the race for talent heats up in India's technology outsourcing business.