This company focuses on emerging markets, where there is ample opportunity for growth. The CEO of the company said, “Our investments are mainly in R&D and sales and we will continue this momentum. We are not thinking of stopping any investment this year
IT company Newgen Software Technologies is confident of around 20 per cent revenue growth in the current financial year. A senior company official said that the strength of markets like India and Asia-Pacific is helping them. Newgen Software CEO Virendra Jeet said that the company is planning to hire around 400-500 people through ‘campus placements’ this year to meet its business requirements.
What else did the CEO of the company say?
Instead of the US and Europe, NuGen focuses on emerging markets, where there is ample opportunity for growth. “Our investments are mainly in R&D and sales and we will continue with this momentum. We are not thinking of stopping any investment this year,” he said.
He added, “Our business is very different from the traditional Indian IT service business. We are a software product based business. During recession our products can be used to manage cost. So be it boom or recession, our products remain in demand.”
Company will hire 400-500 people
The company currently has a total of 3800 employees. The company is starting the next round of campus recruitment, and aims to hire 400-500 people this year.
