IT firms looking at executing projects with a lesser number of employees

Large Indian firms see revenue per employee growing at a steady rate

IT sector

While large Indian IT (Information Technology) services players have shown a strong revenue growth in FY19 (financial year 2018-19) so far, the additional growth has come with fewer headcount addition, reflecting a clear nonlinear trend. As seen in the previous years, revenue is growing disproportionately to the headcount growth, leading to moderation in hiring. Company officials and industry experts are of the opinion that factors like automation, rise of fixed price contracts and emergence of new levers of revenue flows are aiding the nonlinear ...