Mumbai: Buoyed by a strong demand for outsourcing services, the country's largest software exporter Tata Consultancy Services (TCS) today said it would hire 5,000 people more than its initial target of 45,000 this fiscal.

"We said, at the beginning of the year, that we will be doing 45,000 gross for FY'14. Given the way we have been growing and looking at the demand, we are increasing that from 45,000 to 50,000 in this year," TCS Global Head for Human Resources Ajoy Mukherjee told reporters here.

He said the company has hired 17,362 (gross) employees during the second quarter. It had hired 10,611 people in the first quarter.

After announcing the September quarter results yesterday which showed a 34 percent increase in net profit to 4,702 crore, its CEO and MD N Chandrasekaran had hinted at ramping up hiring for the fiscal.

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