Infy may have to hire a million, says report

Shivani Shinde in Mumbai

Bangalore-based Infosys Technologies needs to revamp the growth strategy or end up hiring close to a million people over the next decade, as it eyes a 20 per cent compounded annual growth rate (CAGR) in revenue in the period up to 2020, says a BNP Paribas report.

Infosys employed 127,779 people at the end of the third quarter of 2010-11.

"The success of the company's strategy could address long-term concerns about its headcount-led model. We calculate that if Infosys has to achieve a 20 per cent CAGR in revenue at current productivity levels, it may have to employ close to a million in the next 10-12 years. Such scale could pose challenges of a level yet unthinkable," said Abhiram Eleswarapu and Avinash Singh of BNP Paribas in their report.

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