Software maker PeopleSoft to hire Indian professionals
AFP, New Delhi
US business software maker PeopleSoft Inc. announced Friday that it would hire 640 professionals in India by the end of the year to boost its global research and development. Thiru Vengadam, the chief of PeopleSoft's Indian operations, said the firm already had 360 people working in its two centres in India. "We plan to increase this to 1,000 software engineers by the end of 2004," Vengadam said. PeopleSoft, which has fiercely thwarted a takeover bid by its larger competitor Oracle, is looking to boost revenue outside the United States. Five years ago PeopleSoft was only generating around 15 percent of its revenues outside North America, a figure that has risen to 42 percent. PeopleSoft has over 130 customers in India from the financial and manufacturing sectors.
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