SAP India, the business software solutions company with operations in Bangalore, has said it expects to meet its employee headcount target of 7,000 by 2010 despite global economic slowdown
The company will go ahead with its commitment to invest $1 billion in India by 2010. So far, SAP has invested a little over $25 million to build phase I and II of SAP Labs India campus.
We are comfortable with 4,000- 5,000 employees for SAP Labs. We will leverage scalability for new product development, said Peter Zencke, member of executive board, SAP AG. He said the company would invest the $1 billion on new technology, SOA, infrastructure and new designs.
We have recorded a growth of 46 per cent in software revenues (in non-GAAP constant currency) in the third quarter of 2008, which is our highest in India so far, said Ranjan Das, president and CEO, SAP (Indian subcontinent).
