IT industry on hiring spree, adds record number of employees in Q1

The Indian information technology (IT) industry added a record number of employees in the April-June quarter (first quarter, or Q1) of the ongoing financial year, with around 85,000 new hires. This is the highest-ever net employee addition by the industry in a single quarter in six years, according to a recent report by equity research firm CLSA.   Industry experts are of the opinion that the spurt in recruitment happened as IT services firms went aggressive on hiring in anticipation of a strong demand environment. This was supplemented by healthy hiring in onsite locations, tr.....

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