TCS CHRO Milind Lakkad also shared that the company has cleared all the fresher hiring backlog from previous years.
The company's headcount also increased by 5,452 from the previous quarter, reversing a year-long trend of workforce reductions. This positive news drove TCS shares up nearly 7% on Friday.
CHRO Milind Lakkad said that this measure is a temporary move and needs to be seen that way.
A consortium led by TCS had recently bagged an Advance Purchase Order (APO) valued at over Rs 15,000 crore (around $1.8 billion) from BSNL to deploy 4G networks across India
The earnings will be the first under new CEO K Krithivasan, who has taken over the helm at a time when the IT sector is grappling with slowing demand and macroeconomic challenges, which have forced clients to rethink their tech budgets.
CEO Rajesh Gopinathan said the company's 25/25 plan needs to be executed in a more controlled manner.
N Chandrasekaran, CEO, said volume growth was highest in the past seven quarters and growth was strong across all markets.
TCS' earnings will be closely watched by the market after Infosys surprised the street, on July 12, with dollar revenue growth of 2.7 percent, volume growth of 4.1 percent and strong deal wins of TCV USD 600 million during the quarter.