TCS to hire 60,000 this Fiscal

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

According to the company's annual report released, Tata Consultancy Services has already made campus offers to 43,604 students across 389 colleges for fiscal 2013. The company is believed to hire around 60,000 freshers during the current fiscal.

TCS's payout ratio (excluding special dividends) has steadily increased over the years, from 27.6% in 2004-05 to 37.2% in 2011-12. In addition, it paid out substantial special dividends in two of the last three years (Rs 2,280 crore in 2009-10 and Rs 1,820 crore in 2011-12). Of the total cash generated during this period, about 40% has been returned to shareholders in the form of dividends and about 9% has been spent on acquisitions.

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