Amid talent battle, global uncertainty, top 5 IT firms hire 57% more in Q1

Analysts say that the challenging phase for the IT sector might now be over; companies could grow on a quarter-on-quarter basis

In a sign of green shoots for employment in the information technology (IT) sector, India's top five IT companies -- Tata Consultancy Services (TCS), Infosys, HCL Tech, Wipro and Tech Mahindra -- have cumulatively hired 57 per cent more employees in the first quarter of the ongoing financial year when compared with the year-ago period, the Economic Times reported on Monday. 

However, this development comes at a time when attrition at the country's top IT companies has jumped to a two-year high because of a shortage of digital talent in India and on-site, reported the Times of India. According to