In a race to triple its revenue in the next three years, GlobalLogic is also doubling down on its hiring in India, where about half of its workforce resides.
“We are looking to hire about 1,500 people in India in the next one year,” Puneet Gupta, CTO at GlobalLogic, told BusinessLine .
Currently, the San Jose-based company has about 13,000 employees globally with the India count at about 6,500. While the company’s overall headcount has been growing rapidly, its growth in India has more than doubled in the past three years. GlobalLogic is betting on building engineering capabilities in several new areas and is vying for product-focused engineers to accelerate the journey.
Developing skills
“We are building our skills in areas such as AI, machine learning, cloud-related paradigm, AR/VR, core digital scalability and digital security and blockchain. We are also looking at a 6-screen experience, where we are trying to create fluid experiences across different screens. I’m very bullish on TV and believe it’ll be the next big computing device,” Gupta said.
Globally, the company runs 18 practices or capability areas such as blockchain and devops, each of which is trying to create niche skillset.
The company, however, said it will be looking to do both lateral and college hiring.
At a global level, the hiring could exceed 2,500 in the next year alone.
GlobalLogic has been looking to triple its revenues to $2 billion from about $650 million currently. The target is expected to be met partly through acquisitions and rest through organic growth.
The growth, however, will not come at narrow margins, Gupta said.
“We operate at significantly wider margins compared with other IT services companies,” Gupta said.
“We typically work directly with CEOs of enterprises who are looking to drive a long-term digital transformation vision for their organisation. This kind of work is very different from larger IT services players who still focus on traditional IT services revenues,” Gupta added.
Gupta said the shift in selling approach has also helped it move up the value chain, wherein, they are now getting into deals with over $20-25 million in size compared to less than $5 million deals that it was staring at until a couple of years ago.
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