Infosys hires 4,000 locals in US

Infosys, India’s second-largest information technology (IT) services firm, on Wednesday said it has hired 4,000 locals in the US as part of its plans to hire 10,000 locals.

The company's CEO Salil Parekh, who addressed Morgan Stanley's Twentieth Annual India Summit on Wednesday, said Infosys has hired 800 graduates from the college campuses so far this year and another 1,000 will be recruited this year and next year. This will help the company to control its costs as well as maintain high margins, he said.

As part of its localisation strategy in the US, Infosys has set up a 50-acre campus in Indiana, where it will be training and reskill its employees. Similarly, the company has identified locations in Europe, Australia and NZ markets. 

Parekh also said stricter work visa norms across various markets like the US and Australia will not constrain its business growth as they would be focusing on hiring locals and training workforce in these geographies.

According to a presentation made by Parekh, the US hubs will focus on five things -- access local talent pools, talent refactoring infrastructure, access academia and partner ecosystems, send value chain to clients, studios for agile and rapid prototyping.

Three-year roadmap

"We have set a three-year roadmap to achieve our objective of stabilisation in FY19, build momentum in FY20 and accelerate in FY21," Parekh stated during his interaction at Morgan Stanley summit.

Parekh, who took over as the CEO and MD of Infosys in January this year, said the company will be focusing on the agile digital market for growing its business. The market opportunity for digital business is estimated to be $160 billion to $200 billion.

Infosys will invest in enhancing digital capabilities, infusing artificial intelligence and automation across projects and also re-skilling talent on these new-age technologies, he said.

Parekh said the company's digital revenues stood at $2.79 billion in FY18, which was about 25.5% of its total revenues. The growth from digital business is much higher in the range of 20% annually compared with traditional business, Parekh added.

 

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Infosys hires 4,000 locals in US

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