India software services firm Infosys will hire up to 16,000 engineers in 2014.
Infosys chairman NR Naryana Murthy said: “We have already started the hiring process for next year. We will be hiring around 15,000-16,000 engineers for next year and are already in process.”
With improving demand for outsourcing services in the US and European markets, which account for over 80 percent of the revenues of the $108 billion Indian IT sector, hiring is expected to be better than the last few years.
The net addition of employees at Infosys was the lowest in the first quarter of FY 2014 comparing with software majors TCS and Wipro.
The Bangalore-based Infosys added 575 employees against TCS 1,390 and Wipro 1,469 in Q1. Infosys added 575 employees in the first quarter (10,138 on a gross basis) to reach 157,263 employees. TCS added 1,390 employees (10,611 people on gross basis) taking its total employee strength to 277,586. Wipro’s resource addition was 1,469 in the first quarter of 2013 to reach 147,281 employees.
You may also read: Infosys adds 1,059 IT employees in fourth quarter FY 2013
For the fourth quarter of fiscal 2012-13, gross addition of employees at Infosys was 8,990, while net addition was 1,059. Net addition of 1,059 employees was better than third quarter’s 977, but significantly reduced from second quarter’s net addition of 2,610 and first quarter’s net addition of 1,157 employees.
In Q3, net addition was 977. In the second quarter, net addition was 2,610. The company had 153,761 employees as on September 30, 2012.