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Andrew Colley | July 23, 2007
INFORMATION technology outsourcing giant Satyam plans to ramp up its operations in Australia, after reporting a sharp jump in revenue in the region.
Satyam Australia and New Zealand country manager Deepak Nangia said the company was in the planning phase of opening a new centre in Melbourne. The centre, scheduled to be open in three months, would supplement capacity at Satyam's recently opened 150-seat operation in Sydney.
Mr Nangia said it was too early to reveal the Melbourne operation's capacity, as current estimates of its size were likely to change before the opening.
The company has also been visiting Australian university campuses to increase its graduate intake, and has set a target to recruit 100 to be sent to its Hyderabad facilities for training.
Mr Nangia said Satyam's South Pacific region revenue had grown 87 per cent to $41 million during its first financial quarter to June 30 compared with the same period last year, and 37 per cent sequentially. Worldwide, Satyam has forecast that its revenue will exceed $2.27 billion dollars during the 2008 financial year.
Satyam ANZ, which is owned by the Hyderabad-based parent in India but run under a decentralised operating model, currently has around 1200 "associates", 700 of whom are located in Australia.
The company's strong revenue growth has defied its public sector performance. The company has encountered a number of hurdles in its efforts to gain endorsement as a federal Government supplier, and its Canberra office is yet to land a single commonwealth project.
"We do have an office that we opened some time back in Canberra," Mr Nangia said. "However, the results have been less than expected."
Mr Nangia cited lengthy decision-making and procurement cycles, compared to the corporate sector, for Satyam's failure to win government business. |