Indian IT sector will employ 2m by end of 2008
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Still running like a train The Indian IT industry is on track to hit revenues of $64bn, up 33 per cent, by the end of this year and to employ some two million people.â¦
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Microsoft is to form multi-million pound partnerships with two Indian software firms, and is expected to double the 1,500 people it already employs in India.
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Satyam Computer, a top global consulting and IT services provider, will make Malaysia its largest software hub outside India with at least 2,000 employees by 2010, a report said Tuesday.
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- AT&T Inc. T.N on Thursday said it would add   about 2,000 previously outsourced technical support jobs to its   payroll by the end of 2008.
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As the economy improves and companies begin to invest more in IT projects, demand for senior IT workers will help drive double-digit salary increases for top techies through 2007, according to a new Meta Group report.
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By Subashini Selvaratnam  THE local business-to-consumer (B2C) e-commerce industry, valued at about US$2 billion (RM7.4 billion) in 2005, is expected to gain further momentum and grow at a compounded annual growth rate (CAGR) of 23 per cent, to reach US$5.7 billion in 2010.
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40% of SBs (small businesses, or companies with up to 99 employees) in  India plan to invest in computers for the first time in the next 12  months, opening up a huge opportunity for hardware, software and  solution vendors.
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India&#39;s software exports are on track to grow by 30 percent in the year to March 2005, despite attempts in the key US market to discourage outsourcing and protect jobs, the industry&#39;s head said on Monday.
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Will hire about 2,000 of its own employees to handle tech support work that had been done by outside contractors.
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India's nascent $30-million gaming  industry is set to grow to $700 million in the next five years,  driven by global companies that are pushing new generation  gaming consoles in the Indian market, industry watchers said.
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Indiaâs IT services market is forecast to grow at a five-year compound annual growth rate of 23.2 percent, according to research firm Gartner.
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Indian firms are increasing their IT budgets an average of 13 percent this year, far more than the global average of 3.3 percent, research company Gartner said Wednesday.The country&#39;s domestic IT market is also forecast to grow at a five-year compound annual growth rate (CAGR) of 20.3 percent, reaching $24.3 billion by 2011.While there are fears of a global recession, India is showing rapid growth, said Peter Sondergaard, global head of research at Gartner, in a conference call.The increased spending by Indian CIOs is directed primarily towards building new business capabilities, with 30 percent of IT spending allocated to business growth and 19 percent to business transformation, Gartner said.Indian enterprises will make heavy investments in bringing the base infrastructure up to global standards, said Partha Iyengar, Gartner&#39;s head of research in India.A key problem for Indian CIOs is attracting and retaining quality staff, as they are competing with Indian and multinational IT services companies, Iyengar said.India&#39;s IT services market is forecast to grow to $10.73 billion by 2011 at a five-year CAGR of 23.2 percent, propelled by Indian companies that are outsourcing some of their work to other Indian and multinational companies due to staff shortages, Gartner said in January.
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THE owner of Currys electrical stores is pledging to create 2,000 jobs with the launch of a new service providing expert support to IT users.
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The global mobile phone market is set to  grow to 2 billion subscribers by the end of 2005, fueled by  strong demand from developing economies in Asia and Latin  America, Deloitte & Touche said on Tuesday.
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India&#39;s largest outsourcer, Tata Consultancy Services, Wednesday reported strong growth in revenue and profit, despite earlier concerns that the&#160;Indian outsourcing industry would be badly hit by a weak dollar, and a crisis in the U.S. subprime mortgage market.The company&#39;s revenue for the quarter, ended Dec. 31, was 59 billion rupees ($1.5 billion at the exchange rate on the closing day of the quarter), up by 22 percent from the same quarter in the previous year. Profit increased by 20.5 percent to 13.3 billion rupees.The company said it had improved its operating margin despite a 2.3 percent appreciation of the rupee against the dollar during the quarter, by cost-cutting and improving productivity. The rupee has gained about 12 percent over the dollar in the last year.Infosys Technologies, India&#39;s second largest outsourcer, said last week that its revenue for the quarter ended Dec. 31 increased by 32 percent, to $1.1 billion, from the same quarter in the previous year. Profit for the quarter rose by 42.2 percent to $310 million.Revenue growth rates are, however, not likely to be as high going forward, mainly because the companies already have large revenue bases, according to analysts.In the application development and maintenance market, where Indian companies are dominant players with about 36 percent market share, the opportunity to increase revenue isn&#39;t very large, said Siddharth Pai, a partner at Technology Partners International. The company is a sourcing consultancy firm in Houston.Indian companies are looking at new services lines, but it will take some time for these businesses to be key revenue earners, Pai said.Indian outsourcers also compete for staff with the Indian operations of multinational services companies like Accenture and IBM. Quality staff is increasingly harder to hire, and&#160;salaries are on the upswing.Infosys, for example, added 8,100 employees in the last quarter, taking its staff to 88,601 at the end of December. Tata added 4,037 in the quarter, giving it a headcount of staff to 108,229. The company&#39;s attrition rate at 12.2 percent was, however, higher than in the previous quarter.
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There is a need for substantial increase in both public and private investments if India has to achieve the projected 8 percent growth rate in the coming years, said an Indian industry study released on Sunday.
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InfoWorld - IDC on Wednesday painted an optimistic outlook for Linux over the next few years, predicting that overall revenue for desktops, servers, and Linux-compatible packaged software will reach &#36;35 billion by 2008.