Comments on: Infosys records a 9.2% Increase in Net Profit http://www.watblog.com/2008/04/16/infosys-records-92-increase-in-net-profit/ The Refreshing Blog on Web, Advertising and Technology in India! Thu, 08 Jan 2009 18:54:59 +0000 http://wordpress.org/?v=2.5.1 By: Kunal Sonawala http://www.watblog.com/2008/04/16/infosys-records-92-increase-in-net-profit/#comment-4687 Kunal Sonawala Wed, 16 Apr 2008 07:41:48 +0000 http://www.watblog.com/2008/04/16/infosys-records-92-increase-in-net-profit/#comment-4687 The Indian IT Industry is up for a roller-coaster ride. Especially the companies who have been working for the US of A. Another problem with our industry is that we are totally service oriented. The products which we have come up with can be counted on fingers. Moreover, the successful products are <5. Moreover, these products didn't see any significant update or new releases at all. (I am deliberately not taking names.) As about being on bench, well, as far as my knowledge goes, if one abides by the CMM certification, they need to have a certain % of hires on Bench. So, thats alright, till the conversion ratio of OnBench-to-OnProject is increasing, thus increasing the new recruits. One more thing which I would like to share is, even the professionals who are working on projects, they are being spoon-fed with all the requirements, in such a great detail, that we are just expected to Develop (just plain, simple coding, to be crude) I personally would not call this Growth. A correction in the market is already over due. So, Buckle Up Mates... :) The Indian IT Industry is up for a roller-coaster ride. Especially the companies who have been working for the US of A.
Another problem with our industry is that we are totally service oriented. The products which we have come up with can be counted on fingers. Moreover, the successful products are <5. Moreover, these products didn’t see any significant update or new releases at all. (I am deliberately not taking names.)
As about being on bench, well, as far as my knowledge goes, if one abides by the CMM certification, they need to have a certain % of hires on Bench. So, thats alright, till the conversion ratio of OnBench-to-OnProject is increasing, thus increasing the new recruits.
One more thing which I would like to share is, even the professionals who are working on projects, they are being spoon-fed with all the requirements, in such a great detail, that we are just expected to Develop (just plain, simple coding, to be crude)
I personally would not call this Growth.
A correction in the market is already over due.
So, Buckle Up Mates…
:)

]]> By: Ankit Saxena http://www.watblog.com/2008/04/16/infosys-records-92-increase-in-net-profit/#comment-4683 Ankit Saxena Wed, 16 Apr 2008 05:50:06 +0000 http://www.watblog.com/2008/04/16/infosys-records-92-increase-in-net-profit/#comment-4683 <i>Software companies have hired less than they wanted to</i>. Well, I'm not sure about this. The IT companies have been hiring in abundance and putting all the new hires on <i>benches</i>. Being on bench means a new hire is waiting for a project to be allocated to him to work on. And while he is doing this, he is, effectively not doing any work. A lot of my friends have gone through this. I however, agree with the statement <i>"maybe it’s just the education system that doesn’t make young people enterprising enough"</i> Software companies have hired less than they wanted to.

Well, I’m not sure about this. The IT companies have been hiring in abundance and putting all the new hires on benches. Being on bench means a new hire is waiting for a project to be allocated to him to work on. And while he is doing this, he is, effectively not doing any work. A lot of my friends have gone through this.

I however, agree with the statement “maybe it’s just the education system that doesn’t make young people enterprising enough”

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