LogicaCMG to recruit 1000 in India

By : |September 4, 2003 0

BANGALORE: The offshore services division of European software services major, LogicaCMG has announced plans to expand its workforce from its present strength of 400 to about 1500 within the next eighteen months.

The augmentation of staff is in anticipation of an increase in the amount of offshore development to India from LogicaCMG’s global customer base across the UK and Europe. The contracts that it has signed in the recent past supplement the need. Among the clients include one of the biggest financial services institutions in the Netherlands and a large public sector organisation in the UK.

Mike Weston, managing director of LogicaCMG Offshore Services says, “The offshore services proposition now forms an integral part of all LogicaCMG bids for projects in Europe and the UK. We expect further growth in our offshore business in the second half of 2003. There are excellent prospects in the offshore business going forward, from all market sectors of LogicaCMG’s business worldwide.”

Louwke van der Steen, managing director, LogicaCMG South Asia, says, “Apart from winning new business in South Asia, we continue to generate sustainable revenue streams from almost all major telecoms operators in India. We are confident about continued growth and are aggressively growing business with giant strides in the India and South Asia markets.”

The company recently declared its interim results for the six months ended 30 June 2003. Although its revenue of 854 million pounds, dipped only three percent lower as against to the corresponding period last year, its operating profit of 46 million pounds was 22 percent lower than the previous year.

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