Infosys Tech to invest in building

Infosys Technologies today said it would continue to invest in building up of sales and management team in view of its expansion.

"We will continue to spend on sales and marketing. We will continue to recruit", S Gopalakrishnan, CEO and managing director, told reporters.

Announcing the firm's quarterly results, he said the company had managed to absorb the cost of building a sales and management team and sustain its margins.

Infosys and subsidiaries had seen a gross addition of 6069 employees and a net addition of 1548 employees for the quarter, he said.

T V Mohandas Pai, member of the board and Head-HRD and Education and Research said "we have successfully completed the implementation of IRACE, our programme for growth-focussed career architecture across the company, thus completely transforming our people strategy".

On attrition, a company official said attrition in parent company had been much less than the BPO where it was around 35 percent for the quarter.

The attrition in BPO was a reflection of the industry but much lower than industry standards, he said.

The company had increased compensation by 8 per cent to offshore employees and two percent to onsite. This was done with two goals in mind, controlling attrition and to provide employees the benefits of an improved situation, Gopalakrishnan said.