Archive for the ‘Software Companies’ Category
Tuesday, August 5th, 2008
The software industry has developed the world over. This has called for higher employment opportunities in this sector. This article analyses the factors that have contributed to the expansion in software jobs in the world and then throws light on the software jobs in India in particular.
Effect of Globalization on Software Company Jobs
With globalization, the restrictions imposed on the software companies to enter the global market have been removed. This has created an employment market for the IT sector that is purely international. The IT giants of US have expanded their services to other countries, thereby absorbing higher workforce. The skilled workforce is also eligible to apply as computer technicians in US and Canada.
Effect of Outsourcing on Software Company Jobs
Together with globalization, outsourcing has also played an important role in employment expansion in the IT industry. Outsourcing also requires expertise in IT. Again there are companies that are based in US but work with companies, which outsource and work with IT professionals working overseas. This is basically, a cost effective measure for companies that are unable to set up separate IT departments.
Software Company Jobs In India
It is estimated that the Jobs in Software Industry in India will reach the 1.5 to 2 million mark by 2008. This would imply a compound annual growth rate by 40%. This is in sync with the business expansion of the software services companies in India. The revenue growth of Wipro and Infosys by 40% and 36% along with its expansion in the workforce by 46% and 35% respectively proves this point.
It is expected that IBM and Accenture would add 15,000 more offshore India Software Company Jobs by next year-end. According to the AMR Research, the headcount requirement in the US IT sector would grow by 7 lakh workers phased out over the next five years. So, it is clear that since the IT employment in India is also booming, the new jobs created in US would be filled by India itself. Not only that, about 8 lakh jobs would be outsourced to India. Owing to this mass scale outsourcing US is predicted to suffer job losses in the IT sector.
Tuesday, August 5th, 2008
The India Software Industry has brought about a tremendous success for the emerging economy. The software industry is the main component of the Information technology in India. India’s pool of young aged manpower is the key behind this success story. Presently there are more than 500 software firms in the country which shows the monumental advancement that the India Software Industry has experienced.
The Indian Software Industry has grown from a mere US $ 150 million in 1991-92 to a staggering US $ 5.7 billion in 1999-2000. No other Indian industry has performed so well against the global competition. According to statistics, India’s software exports reached total revenues of Rs. 46100 crores. The total share of India’s exports in the global market rose form 4.9 per cent in 1997 to 20.4 percent in 2002-03.
It is expected that the India Software Industry will generate a total employment of around four million people, which accounts for 7 per cent of India’s total GDP, in the year 2008. Today, the Software Industry in India exports software and services to nearly 95 countries around the world. The share of North America (U.S. & Canada) in India’s software exports is about 61 per cent. In 1999-2000, more than one third of Fortune 500 companies outsourced their software requirements to India.
The Government has also played a vital role in the development of the India Software Industry. In 1986, the Indian government announced a new software policy which was designed to serve as a catalyst for the software industry. This was followed in 1988 with the World Market Policy and the establishment of the Software Technology Parks of India (STP) scheme. In addition, to attract foreign direct investment, the Indian Government permitted foreign equity of up to 100 percent and duty free import on all inputs and products.
The software industry being the main component of the IT Industry in India has also helped the IT sector in India to grow at a good pace. As per the proceedings taking place in the software industry the future of the India Software Industry looks promising.
Tuesday, August 5th, 2008
In the present scenario most of the countries over the world have relied upon Indian software company and firms or Software Companies for the software development activities, as the country possesses a global competency in the IT sector.
The Software development company India comprises of businesses related to the production and maintenance of computer software. The roots of the Software Industry India lies in the IT phenomenon. Services regarding software such as training, consulting and maintenance are a part of this ever-growing industry. The Software companies is witnessing a rapid growth and offers lucrative job opportunities making IT a premium career option for the youth. Infact it is one of the fastest growing sector of Indian industry.
India is emerging as a Global IT superpower. The success can be attributed to factor advantage of high quality of software human resources. The Software Industry has succeeded in converting this comparative advantage to increasing exports. More and more companies are receiving the ISO 9000 certification and the day is not far when India will have the highest number of ISO 9000 companies in the world.
Indian Software Industry is estimated to be worth USD 1.2 billion. Unfortunately the growth has been limited to a few cities around Bangalore, Mumbai, Delhi and Noida.
One problem that software companies in India are facing is that of outflow of IT professionals. This can be looked into by ensuring the conditions for investment and growth in the industry are safeguarded by political stability.
Wipro, HCL, Tata Consultancy Services, Satyam computer Services, CMC, IBM etc are some of the major Software development and software consulting firms or companies in India.
Friday, July 25th, 2008
A vibrant, expanding economic contributor, Pakistan’s IT Industry generates over 2 billion dollars each year for the country. Rapid investment is being fuelled by the mushrooming growth of exports along with the support of government organizations and policies. A global service provider, Pakistan offers multiple benefits for outsourced services including value addition, processing and back end support. With smooth regulatory procedures to ensure efficiency and on-time delivery, Pakistan has established as the world Leader in quality with over 125 ISO and CMM certified companies.
Over 100,000 trained IT professionals in country and an ever increasing number of specialized educational institutes are adding ever better trained resources to an already vibrant job market. This ensures a talent pool of exceptional skills is constantly available to the industry, while specialized low cost facilities available and friendly policies ensure IT organizations a hassle free set up and work environment. These facilities are available in the shape of IT parks, already and being established around the country. Offering state of the art IT Enabled Office Space and facilities, these parks offer ready to furnish office space to IT organizations with the aim of providing a one stop solution to set up or expand IT enterprises.
Three IT parks have been developed so far, in Islamabad, Lahore, and Karachi. The need for IT parks has arisen given that land was required to meet tremendous unfulfilled demand for the expansion of IT companies. The existing buildings, like other retail space, do not address IT Enabled Office Space requirements such as uninterrupted year around operations, quality bandwidth, reliable power and security, accessibility, expandability and parking space.
IT Parks in Islamabad:
The first IT park was developed in Islamabad. Scenic land was purchased close to over a dozen HEC recognized universities and several world class hotels, nestled serenely just of. Islamabad has excellent quality of life including hills, green belts, parks, and superior city administrative services- the ideal location of choice for multinationals and expatriates. Islamabad has a population of 2 million with literacy rate of over 80% growing at over 3% a year. Islamabad and the sister city of Rawalpindi are emerging as the “Silicon Plateau” of Pakistan.
IT Parks in Lahore:
Lahore, the cultural and academic hub of the sub continent, is known as the “Boston of Pakistan”. It was the top choice for location by 65% of target companies as per the Lahore IT Survey. The IT Park in Lahore has 6 acres within premises of Lahore’s Allama Iqbal International Airport. Lahore’s metropolitan area has population of over 8 million, largest concentration of software export firms, and dozens of HEC-recognized Universities and IT Departments.
IT Parks in Karachi:
Karachi, the “New York of Pakistan”, was chosen as the location for the second IT Park. Spread out on 6 acres of prime, highly secure land was purchased within Karachi city. Based on proximity to residential and commercial areas and educational institutes, availability of infrastructure, and legal status, it was unanimously chosen as the best possible location by companies in the region according to the Karachi IT Survey. Karachi’s metropolitan area has a population of over 15 million, the largest concentration of IT firms, and dozens of HEC-recognized Universities and IT Departments. Karachi is an international financial and travel hub, famous for its air and sea port, and as the economic heart beat of the country.
Friday, July 18th, 2008
Today the software industry has become the backbone of companies around the world. With technology advancing in leaps and bounds, there is no stopping IT professionals from around the world to bridge the gap between huge untapped markets and its customers, as well as creating an opportunity for innovation.
1. Tata Consultancy Services
Founded in 1968, TCS is one of India’s largest corporate houses. It is also India’s largest IT employer with a staff strength of 111,000 employees. TCS is IDC-Dataquest IT best employer in IT services in 2007. TCS also topped DataQuest DQTop 20 list of IT service providers in 2007.
Wipro is today is a $5 billion revenue generating IT, BPO and R&D services organisation with presence in over 50 countries. The company has over 72,000 employees. Wipro was the only Indian company to be ranked among the top 10 global outsourcing providers in IAOP’s 2006 Global Outsourcing 100 listing. Wipro has also won the International Institute for Software Testing’s Software Testing Best Practice Award.
3. Infosys Technologies Ltd
Infosys Technologies Ltd was started in 1981 by seven people with $250. Today, the company boasts of revenues of over $4 billion and 94,379 employees. Forbes magazine named Infosys in its list of Global High Performers. Waters magazine rated Infosys as the Best Outsourcing Partner. The Banker magazine conferred two Banker Technology Awards on Infosys to acclaim its work in wholesale and capital markets in two categories – Payments and Treasury Services, and Offshoring and Outsourcing. The International Association of Outsourcing Professionals (IAOP) ranked Infosys at No. 3 in its ‘2008 Global Outsourcing 100′.
4. Satyam Computer Services
Established in 1987 by Ramalinga Raju, Satyam has a staff strength of 51,000 employees. In 2008, the company’s revenues crossed the $ 2-billion mark. Satyam is among the youngest IT service companies to reach $1 billion in annual revenues. It is ranked No. 1 in the ASTD (American Society for Training and Development) BEST Award, 2007.
5. HCL Technologies
Founded in 1976, HCL is one of ‘India’s original IT garage start ups’. The HCL team comprises 53,000 professionals of diverse nationalities, operating across 18 countries. At a time when India had a total of 250 computers, Shiv Nadar led a young team which passionately believed in the growth of the IT industry. The company has reported consolidated revenue of Rs 3017.5 crore (Rs 30.17 billion) during the quarter ended March 31, 2008. The profit after tax stood at Rs. 81.5 crore (Rs 815 million).
6. Tech Mahindra
Tech Mahindra is a global systems integrator and business transformation consulting firm focused on the communications industry. At the helm of the fast expanding organisation is Vineet Nayyar. In a career spanning over 40 years, he has worked with the government, international multilateral agencies and the corporate sector. Tech Mahindra’s net profit rose 8.57 per cent to Rs 196.4 crore (Rs 1.96 billion) on 6.09 per cent growth in net sale to Rs 911.6 crore (Rs 9.11 billion) in Q3 December 2007 over Q2 September 2007.
7. Patni Computer Systems
Patni Computer Systems Ltd one of the leading global providers of information technology services and business solutions. The company has clients across the Americas, Europe and Asia-Pacific locations. The company headed founded by Narendra K Patni by has a staff strength of over 14,000 professionals. The revenues for the quarter ended March 2008 stood at $ 176.4 million (Rs. 7,061.2 million) up 13.1% YoY from $ 156.0 million (Rs. 6,724.1 million). The net income for the quarter at US$ 18.1 million (Rs. 724.6 million) down 35.0 per cent YoY from $ 27.8 million (Rs. 1,200.3 million).Frost & Sullivan ranked Patni 1st among ‘Top 5 Engineering Service Providers’.
8. i-flex Solutions
iflex started as a division of Citicorp (now Citigroup), wholly owned subsidiary called Citicorp Overseas Software Ltd. (COSL) in 1991. Later, a separate company Citicorp Information Technologies Industries Ltd. (CITIL) was formed and Rajesh Hukku was appointed as its head. The revenue for the full year ended March 31, 2008 stood at Rs 2,380 crore (Rs 23.80 billion), up 15 per cent as compared to the previous year.
MphasiS Limited was formed in June 2000 after the merger of the US-based IT consulting company MphasiS Corporation (founded in 1998) and the Indian IT services company BFL Software Limited (founded in 1993). Jeya Kumar is CEO of MphasiS, which has a staff strength of 27,000 people. For the year ended 31 March 2008, the MphasiS Group recorded revenues of Rs 2,423 crore (Rs 24.23 billion), a growth of Rs 662 crore, which is 38 per cent over the previous year. The net profit increased by 42 per cent from Rs 180 crore (Rs 1.8 billion) to Rs 255 crore (Rs 2.55 billion) during the year ended 31 March 2008. MphasiS was named among amongst the Top 100 Companies in Global Outsourcing.
10. L&T Infotech
L&T Infotech is a global IT services and solutions provider. It is a subsidiary company of is Larsen & Toubro Ltd. (L&T), an engineering, manufacturing and construction conglomerate, with global operations. A M Naik is the chairman of the company. Originally founded as L&T Information Technology Ltd (LTITL), a wholly-owned subsidiary of Larsen & Toubro Ltd (L&T), the company changed its name to L&T Infotech on 1st April, 1997. In 2004, it tied up with Fidelity Information Services, a division of Fidelity National Financial to provide banking solutions for the Indian banking industry. In 2007-08, L&T had recorded revenues of Rs 29,600 crore (Rs 296 billion).