Capgemini hires 10,000 in 2010, to recruit 7,000 more

Bullish on strong growth prospects in India, global IT consultancy Capgemini has hired 10,000 people so far in 2010 and plans to recruit another 7,000 by the year-end.

"We have already hired more than 10,000 people as of July. We plan to recruit further 7,000 within this year," Capgemini India Executive Chairman Salil Parekh told PTI.
    
Placing emphasis on the importance of the Indian market in the group's growth strategy, Parekh said,"Capgemini India is an important resource centre to drive Capgemini's Rightshore model and is also the main innovation hub for the group."
    
"Additionally, the domestic market in India has also seen a lot of traction. We have added more than 40 clients in the last 18 months. With such a lot of growth, we need to be in a position to service this and, hence, have stepped up the recruitment process," he said.
    
Capgemini India's employee strength was at 26,000 in June 2010. It has a strong presence across seven cities in India, primarily Mumbai, Bangalore, Hyderabad, Kolkata, Chennai, Pune and Delhi.
     
The outsourcing firm reported its second quarter and first half earnings result this week. It stated that the main markets, in which the group operates, saw steadily improving activity levels, despite the lingering effect of the global economic crisis on IT services.
    
The group's second quarter revenue increased by 5.2 per cent to 2.15 billion euros over the first quarter of this year. Booking volumes also confirmed a positive trend with outsourcing services recording the highest rise of 37 per cent in bookings, thanks to the early renewal or extension of several major contracts.
    
Optimistic about companies' boosting their technology spend, Capgemini has raised its 2010 targets. The group now forecasts revenue growth of 3-5 per cent in the second half of 2010.
    
Present in more than 30 countries, Capgemini employs over 95,000 people worldwide, and its Indian employee strength represents 27 per cent of the global head count.