Mahindra Satyam to hire 1,000 freshers
One of the top Indian IT companies, Mahindra Satyam has announced its plans to appoint 1,000 freshers by December 15. The announcement was made by the company’s Chief People Officer here on Thursday.
Mahindra Satyam’s Chief People Officer Hari Thalapalli told the reporters, “The process is on and we will give appointment letters to 1,000 freshers out of the 8,000 selected during campus recruitment by December 15.”
Thalapalli however added that the company might not call all of the remaining 7,000, who got selected during campus recruitment.
Apple crosses $10bn amidst recession
Amid the feared recession, IT giant Apple has contradicted all predictions by crossing the phenomenal USD 10 billion mark in terms of the revenue generated in the quarter ending in December. With Apple’s iPod, iPhone and Macintosh Computers’ sales hitting an all time high, the company’s gross income rose to $1.61 billion in the first quarter of the financial year 2009, as compared to the previous year’s $1.58 billion, a rise of 1.89%. However the three products that contributed to the unparalleled success individually saw a growth of 3%, 88% and 9% respectively in their sales.
While the world speculated on the slowdown in the US economy and its subsequent effects on the global market, many of the analysts on the subject, foreseeing a reduced demand, announced a tough time ahead for the Information Technology (IT) sector. However Apple’s sales earned the company a record quarterly profit.
“Even in these economically challenging times, we are incredibly pleased to report our best quarterly revenue and earnings in Apple history - surpassing 10 billion US dollars in quarterly revenue for the first time ever,” said the proud Apple chief executive Steve Jobs.
IT skills cornered
Over the past few years, the percentage of respondents reporting unfilled IT jobs has been rising steadily. In 2003 it stood at less than a fifth (14 per cent); rising to more than a fifth (22 per cent) in 2004; around a third (34 per cent) in 2005; over a third (37 per cent) in 2006; and 45 per cent last year.
2008’s survey also reveals a slight decline in the percentage of respondents who believe there is an IT skills shortage - reinforcing the idea IT recruitment is not as tough as it has been. Close to half (46 per cent) of respondents agree or strongly agree there is a skills crisis, slightly down on last year’s result (48 per cent). The question thus remains whether there is a IT skills crisis or not perennially invites debate. Whatever the reality, IT sector skills body e-skills as predicted by UK would require 140,000 extra IT and telecoms recruits in order to keep up with the demand.
The IT industry lacks core skills
The lack of core IT skills is a major impediment to modernizing key IT assets, according reports by an application-management company. According to the survey, there is an acute shortage of IT skills across Europe and the US, even though such skills are core assets needed during a recession.
It is anticipated that this is because businesses are now focusing on newer areas such as web 2.0, without realizing that the skills to support core infrastructure are not present; and newer technologies cannot succeed unless they are supported by the core infrastructure. While some 60 per cent of the results prove that core systems and databases are business-critical, 56 per cent of the criteria confirms that newer, web-based technologies are the skills currently being recruited for the most.
Turnaround at least a year away for IT firms
The last couple of months have dealt a severe blow to IT firms, which has even prompted the top listed Indian IT services providers to inform investors that they need to scale down their growth expectations from the sector that, on an average, has been growing almost 30 per cent year-on-year.
The problem is that over 90 per cent of Fortune 500 players have already outsourced their application, development and maintenance (ADM) work to Indian players, say reports and new business is hard to come by. The larger players though have deep pockets that is expected to see them wade through the crisis. The top four IT firms, for instance, have enough cash to pay their employees for 4-10 months even in the unimaginable situation of not getting any additional revenue.
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