IBM says it will continue large-scale hiring in India
631801
InfoWorld - IBM plans to continue hiring global services delivery staff in India by the thousands, adding to the 73,000 it already has in its global services and other operations in the country.
537539
Microsoft will hire several hundred new staff at its new Indian campus in the next year, its chief executive says -- a move aimed at strengthening its presence in Asia&#39;s fourth-biggest economy.
478591
Microsoft Corp. said Monday that it will continue to expand its software development operations in India as it opened a new campus near Hyderabad.
264886
As blue chip companies in developed marketsÂ scramble to outsourceÂ high-cost jobs to low-cost countries, one of the world's biggest technology companies -- IBMÂ -- seems content to keep more than 1,800 highly trained, well-paid IT engineers at its R&D (research and development) lab in BÃ¶blingen, Germany.
512527
JPMorgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
187416
LONDON Reuters, the news agency and financial-data company, said Thursday that it would triple its number of employees in India by the end of next year, as the company tries to meet stringent cost-cutting targets.
176148
(InfoWorld) - French IT services company CapgeminiÂ will have more staff in India than any other country by the end of this year, as it expands its offshore services delivery from that nation. With about 19,000 staff, the company's largest operation by headcount is currently in France, but that will change as Capgemini plans to have over 19,000 staff in India by the end of this year, said Salil Parekh, executive chairman of Capgemini India on Thursday The company, which has 15,000 staff in India currently, plans to expand further in the country to employ 40,000 workers by 2010, Parekh said. The majority of the staff will work in IT services with the rest in BPO (business process outsourcing), he added. A number of large Indian and multinational IT services companies, including IBM and Accenture, have been hiring significant numbers of staff in India to take advantage of lower employment costs. Accenture, for example, said in January it will haveÂ more staff in IndiaÂ than in any other country by the end of its fiscal year on Aug. 31. The company's staff in India will increase to 35,000 in August, up by 52 percent from a year earlier, with the number of employees more than those in the U.S., which will have a little over 30,000 staff. The large-scale hiring by services companies has led to a shortage of quality staff and an increase in average salaries in India. However, Capgemini does not anticipate any obstacles to its hiring plans. The company's recruitment team is equipped to hire about 1,000 employees a month, both from university campuses and the services industry, Parekh said. "India remains cost-effective, and we haven't seen any evidence to the contrary yet," Parekh said. In addition to India's lower staff costs, the country remains attractive because it offers quality staff and Capgemini can scale operations to a level not possible in many other countries, said Parekh. By 2010, Indian staff will account for 70 percent of Capgemini's offshore services, down from 80 percent today, as the company ramps up operations in other countries like Argentina, Morocco, Romania, the Philippines, and Vietnam. China will also continue to serve as a key location. The company has about 1,000 staff in China, and will likely increase staff levels there three-fold by 2010, Parekh said. Capgemini also gained new business and staff in India through acquisitions. Last year, the company bought a 51 percent stake in Unilever India Shared Services, a finance and accounting BPO operation owned by consumer-goods maker Unilever Group. This business, which becomes a wholly owned subsidiary of Capgemini by 2008, is a key center for the company's finance and accounting BPO practice, Parekh said. In February, Capgemini purchased Kanbay International, an IT services firm in Rosemont, Illinois, to boost its services delivery from India, and its business in the financial-services sector. The Kanbay acquisition brought Capgemini a number of customers in the U.S., Parekh said. As it grows in India, Capgemini plans to expand its business in areas such as infrastructure management, ERP (enterprise resource planning) development and maintenance, and non-voice BPO, Parekh said.
684849
Royal &amp; SunAlliance, second-biggest general insurance company in Britain, announced on Monday it will transfer as much as 1,100 jobs to India to raise the number of employees in the country to 1,200 within a couple of years.
659122
IBM Corp.'s expansion in developing countries shows no sign of relenting. The technology company revealed Friday that it now has 73,000 employees in India, almost a 40 percent leap from last year.
761571
(InfoWorld) - Indian chief information officers (CIOs) are finding it harder to recruit staff because of large-scale hiring by the countryâs outsourcing industry, a Gartner researcher said Monday. Indiaâs top IT services providers, focused on the global market, are regarded as the best employers, and get the best IT staff in the country, said Partha Iyengar, research vice president at Gartner, in a conference call. Indian user organizations are hence finding it very difficult to attract and retain technical staff, particular in the middle management, Iyengar said. A large number of Indian and multinational services companies have set up services delivery operations in India, and hire staff by the thousands each quarter. The problem for user organizations may only get worse as outsourcing companies start hiring business line managers as well to build their vertical industry expertise, Iyengar added. As large Indian outsourcers grow in revenue by 30 to 40 percent each year, they will hire business managers from the banking, manufacturing, and retail industries, bringing business knowledge that can be integrated into their services offerings, he added. This movement of business managers from the user industry to outsourcers will make it more difficult for CIOs to complete projects, as companies will have fewer business staff available to participate in the project, according to Gartner. India is fastÂ emerging as a key marketÂ in the Asia-Pacific region for outsourcing contracts, according to outsourcing consultancy firm, Technology Partners International Inc. (TPI) in Houston, Texas. Of the total value of contracts awarded in the region last year, Indian customers accounted for 24.8 percent, TPI said. That puts the country ahead of China with a 4.4 percent share, but still behind Australia at 32.4 percent and Japan at 26.8 percent, Peter Allan, a partner at TPI said Monday. Faced with shortage of staff, Indian user organizations are looking to outsourcing IT functions. But Indian outsourcing companies have not shown great interest in this business, as they are more focused on more lucrative business abroad, Gartnerâs Iyengar said. Multinational service providers like IBM andÂ AccentureÂ have bagged some of the larger contracts, but that still leaves a large number of Indian companies with smaller outsourcing contracts, who canât find a good service provider, Iyengar added. Indian IT spending is growing at a five-year compound annual growth rate (CAGR) of 14.8 percent, the highest in the Asia-Pacific region, to over $36 billion by 2009, Gartner said. This increase comes from rising expectations from businesses for IT to play a larger role in growth, efficiency and competitive advantage, it added.
574085
NEW YORK Sept. 15, 2004 - JPMorgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.
690521
IBM has set up a services delivery operation in India that will focus on infrastructure services to its clients worldwide.
517229
(InfoWorld) - Indiaâs largest outsourcer Tata Consultancy ServicesÂ (TCS) has set up a global delivery center in Guadalajara, Mexico, with plans to hire up to 5,000 staff there over the next five years. Having a center in Mexico helps TCS, of Mumbai, as it will be closer to U.S. customers and on a similar time zone, said Pradipta Bagchi, a spokesman for TCS said on Thursday. The South American market also provides a significant opportunity for TCS because of a large number of regional companies investing in information technology and related services, Bagchi said. TCS currently has about 5,000 employees in South America, which service over 150 clients there. It operates global delivery centers in Brazil, Mexico, and Uruguay, besides a business process outsourcing (BPO) services center in Chile. Indian outsourcing companies are grappling with the appreciation of the Indian rupee against the U.S. dollar, andÂ rising labor costs. Indiaâs National Association of Software and Service Companies (NASSCOM) has said that the 8 to 9 percent appreciation of the rupee over the last three months is worrisome. The U.S. is the largest market for Indian outsourcers. TCSâ expansion in Mexico led to speculation that the company may be looking for alternative locations to India. Staff in India is still cheaper than in Mexico, and the company has no plans to scale down its operations in India, Bagchi said. A number of Indian companies have set up operations in South America and Eastern Europe to offer a near-shore option to their customers in the U.S. and Europe. Indian companies are also expanding in other countries to look for new talent pools, as it gets tougher to hire staff in large numbers in India. Satyam Computer Services, an outsourcer in Hyderabad, said last year it wasÂ expanding in China, Malaysia, and other locations to tap regional markets and supplement its Indian operations. TCS and Indiaâs second largest outsourcer, Infosys Technologies, have alsoÂ set up operations in China. China has, however, fallen short of expectations as an offshore location, according to Forrester Research. Two years ago, China was viewed as a key challenger to India because of its large number of engineering graduates and the support of the Chinese government to establish it as a key offshore location, Forrester said. But after an initial burst of momentum, there has been relatively little evidence of the countryâs success, the research firm added. TCSâs new center at Mexico will primarily offer software development, Bagchi said. The center will serve clients in Mexico and in the U.S., he added.
455354
IBMâs revenue from India grew by 37 percent last year, mainly on Indiaâs strong economic growth, including in industrial production.
464342
IT services company Accenture will have more staff in India than in any other country by the end of August.
250741
(InfoWorld) - IBMâs revenue from India grew by 37 percent last year, mainly on Indiaâs strong economic growth, including in industrial production. Growth last year was lower than the 55 percent reported by IBM for 2005, but that was because the revenue base in 2004 was smaller, Shanker Annaswamy, IBMâs regional general manager for India and South Asia, told reporters in Bangalore on Thursday. Annaswamy did not however disclose the revenue that IBM earned from India, citing company policy not to break down revenue by countries. Revenue from India has grown faster in the last two years than inÂ Brazil, Russia and China, Annaswamy said. The key markets in India were financial services, small and medium businesses, pharmaceuticals, telecommunications, automotive, and government. Besides being a large market for IBM, which has won a number of key outsourcing contracts from Indian customers, IBM also has a large global services delivery operation in India. The company had 53,000 staff on its rolls as of January 1, up from 38,500 a year earlier. IBMâs chairman and chief executive officer Samuel Palmisano announced last year in Bangalore, India, that the company will beÂ investing $6 billion in IndiaÂ over the next three years. The new investment will go primarily for staff costs, new service facilities and on education programs, the company said. A large number of multinational services companies are expanding in India to take advantage of its low-cost work force. But increased demand is pushing up salaries, and making it difficult to hire quality staff. IBM is aware of the challenge and is working with educational institutions to train staff, Annaswamy said. IBM trained about 60,000 staff last year on IBMâs technologies, he added.
678211
JP Morgan Chase &amp; Co. says it will rehire 4,000 workers whose jobs it had outsourced to IBM, bucking a corporate trend in information technology.