Plans to increase offshore headcount by at least 40% from the current 10% by 2010
The
Keeping pace with others, HP has its head in the clouds. The global economy is not out of the woods and the company finds a bright spot in delivering software over the Internet or SaaS (software as a service). The traction comes from the firms' tectonic shift to opt for cloud-based offerings. Presently, companies are spending less than 5% of their IT budget on SaaS. It is expected to gather steam by 2015, when companies would be spending 25-30% of their finances by subscribing to cloud-based services. The technology major employs 3,00,000 people worldwide, of which 50,000 are based out of
Source: DNA
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