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Infosys to hire thousands?
Report: The Indian software maker plans to boost headcount by a third to handle growing business.
April 14, 2005: 7:20 AM EDT

BANGALORE, India (Dow Jones) - Indian software major Infosys Technologies Ltd. (500209.BY) plans to hire around 12,600 employees during the current financial year, increasing its headcount by about a third, to handle its growing business, said human resources chief Hema Ravichander Thursday.

James Lin, chief executive of Infosys' operations in China , said the company's staff headcount there will be increased to 1,000 from 135 as part of the plan.

Infosys, India's second largest software exporter after TCS Ltd. (532540.BY), had 36,750 employees as of March 31 .

Infosys also plans to spend between INR9.50 billion and INR11 billion on capital expenditure during the current financial year that started April 1, said company officials at a news conference.

The expenditure includes an investment of INR2.50 billion to upgrade its technology, with the remainder going toward creating infrastructure for around 20,000 additional employees.

Earlier Thursday, Infosys reported a 67% on year jump in its fiscal fourth quarter net profit to INR5.58 billion. Revenue for the quarter grew 47% to INR19.87 billion, boosted by the addition of 37 new clients.

-By V. Phani Kumar; Dow Jones Newswires; 91 22 2288 4212;

-Edited by David Bottomley Dow Jones Newswires 04-14-05 0511ET Copyright (C) 2005 Dow Jones & Company, Inc. All Rights Reserved.  Top of page


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