PTI

iGate to hire 300 professionals this year

Sun, Oct 25 04:40 PM

New Delhi, Oct 25 (PTI) Nasdaq listed Software company iGate will hire 300 people by December as the company sees rebound in contract and demand picking up gradually by that time. "We will hire 200 people for our software services and 100 for BPO by December to expand our existing operations.

We believe there is already revival of demand for IT and BPO services and to meet that demand we are hiring," iGate CEO Phaneesh Murthy told PTI from London. The company had frozen recruitment earlier this year when recession was at its peak.

Murthy said hiring reflect the slow tapering up of the recession. Last week, iGate posted a minor increase in its net income for quarter ending September 2009 at USD 8.9 million.

The company had a net income of USD 8.5 million in the Q3 of last year. Revenue from continuing operations, however, declined to USD 49.1 million during the quarter from USD 55.4 million made in the corresponding quarter of FY 2008, the company said.

The company added six new customers in the quarter. Its employee base in Q3 fell slightly to 6,380 employees as of September 30, 2009 compared to 6,407 in the same period last year.

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