News »Browse Articles »
SAP India to go ahead with $1 billion investment
0
SAP India to go ahead with $1 billion investment
SAP India, the business software solutions company with operations in Bangalore, has said it expects to meet its employee headcount target of 7,000 by 2010 despite global economic slowdown. The company will go ahead with its commitment to invest $1 billion in India by 2010. So far, SAP has invested a little over $25 million to build phase I and II of SAP Labs India campus.
“We are comfortable with 4,000- 5,000 employees for SAP Labs. We will leverage scalability for new product development,” said Peter Zencke, member of executive board, SAP AG. He said the company would invest the $1 billion on new technology, SOA, infrastructure and new designs.
On concerns about the company’s lacklustre performance in the US this quarter, officials said markets like India had made up for it by notching up high growth rates. “We have recorded a growth of 46 per cent in software revenues (in non-GAAP constant currency) in the third quarter of 2008, which is our highest in India so far,” said Ranjan Das, president and CEO, SAP (Indian subcontinent).
Source:
http://www.business-standard.com/india/storypage.php?autono=340078
“We are comfortable with 4,000- 5,000 employees for SAP Labs. We will leverage scalability for new product development,” said Peter Zencke, member of executive board, SAP AG. He said the company would invest the $1 billion on new technology, SOA, infrastructure and new designs.
On concerns about the company’s lacklustre performance in the US this quarter, officials said markets like India had made up for it by notching up high growth rates. “We have recorded a growth of 46 per cent in software revenues (in non-GAAP constant currency) in the third quarter of 2008, which is our highest in India so far,” said Ranjan Das, president and CEO, SAP (Indian subcontinent).
Source:
http://www.business-standard.com/india/storypage.php?autono=340078
