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While every other company is going for layoffs as part of cost-cutting blitz, SAP AG is planning to increase its manpower in India and China. According to a report, , the world's biggest business software developer SAP is open to acquisitions in Asia and also planning to hire more people in Indian and Chinese markets.
Stephen Watts, a senior executive in SAP has stated that the increase in hiring has come in wake of SAP’s business expansion plans in fast-growing Asia.
Further he added that the company is certainly open to acquisitions which can bring incremental innovation to customers. Presently, SAP has staff strength of 5,500 and 2,600 in India and China respectively.
As informed by sources, last month SAP reported a jump in third-quarter sales and profit, alleviating fears of a slowdown in technology spending. In Q3, SAP's revenue in Asia-Pacific and Japan accounted to 525 million euros, contributing about 15 percent to the company's total revenues.
Reliable sources cited, SAP is intended to add workforce by about 7 per cent in India and China, recruiting as many as 600 people in coming quarters. ITVoir NewsDesk |
Tags: SAP hiring in India, SAP hiring in China,SAP is open to acquisitions , SAP has reported a jump in third-quarter | | |
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