Infosys to hire 25,000 during fiscal 2009, hike wages by 11-13 percent
India Inc. lauds Union Budget 2008-09 but expected "more""Our ability to train and invest in people gives us a unique competitive advantage. Our investment in people enable us to go up the value chain in a significant manner," he said.
Infosys offers a salary package of Rs.3.25 lakh to freshers this fiscal, up 8 percent from last year.
"We are financially very sound and have enough cash to pay all our employees for a year even if we were inactive," Pai said.
Infosys, which announced a 20.1 percent rise in consolidated revenue to Rs.16,692 crore ($4.17 billion) for the fiscal year ended March 31, 2008, and its subsidiaries have cash and cash equivalents exceeding Rs.13,000 crore ($3.25 billion).
Infosys Technologies is India's second largest IT services provider that develops applications, designs supply chains and offers back-office services.
The company, founded in 1981 and listed in Nasdaq, counts ABN AMRO, Goldman Sachs, British Telecom (BT) and Philips Electronics among its 500-strong clients.
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