TCS Ups Hiring Target By 15K, To Take in 75,000 This Fiscal

 During the quarter, the company said there was a total gross addition of 25,186 people (net addition of 10,685 employees), taking the total employee strength to 3,35,620 on consolidated basis. This is the highest for the company in a quarterly basis.

The utilisation rate (excluding trainees) was at 86 percent while the attrition rate stood at 16.2 percent. "On a quarterly basis, our retention levels have improved this quarter with a net addition of over 10,000 employees in Q2.

Our hiring continues to be strong with all-time high of over 25,000 employees joining us this quarter," said Mukherjee.

 TCS stock price

 On October 14, 2015, Tata Consultancy Services closed at 2483.40, down 114, or 4.39 percent. The 52-week high of the share was 2810.00 and the 52-week low was 2348.25.

 The company's trailing 12-month (TTM) EPS was at 99.72 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 24.9. The latest book value of the company is 230.50 per share. At current value, the price-to-book value of the company is 10.77.