clear
Sunday July 5th, 2015 9:04PM

About 1 in 5 IBM Employees Now in India

By The Associated Press
BOSTON (AP) -- IBM Corp.'s expansion in developing countries shows no sign of relenting. The technology company revealed Friday that it now has 73,000 employees in India, almost a 40 percent leap from last year.

IBM did not provide updated figures for its work force in the U.S., which has held steady around 125,000 people in recent years.

Nor did IBM project its total head count. It had 355,766 employees worldwide at the end of 2006.

If the total has risen by the same rate as in 2006, almost one in five IBM workers now is in India, its second-largest center.

Like many other technology providers, IBM has rushed to take advantage of the lower labor costs India offers even for highly skilled workers. IBM's base in India numbered only 9,000 people in 2003, but it was about 53,000 last year.

IBM has been stressing not only the lower expense of working in India but the potential of the Indian market. IBM executives told visiting Indian journalists last week that the company expected to see revenue from the Indian market jump to nearly $1 billion this year, from $700 million in 2006.

Armonk, N.Y.-based IBM is also ramping up in other key developing markets. Its chairman and chief executive, Sam Palmisano, recently formed a new organization that will spur IBM's investment in emerging economies.

The plan is meant to capitalize on the higher growth rates in the so-called "BRIC" countries of Brazil, Russia, India and China. IBM's revenue from those countries rose 18 percent in the first three quarters of this year, even after discounting the benefit of currency fluctuations. IBM's total employee count in those countries now is nearly 100,000, up from 70,000 a year ago.

IBM's vice president of financial management, Jesse J. Greene Jr., would not forecast how much more hiring the company still might do in emerging markets. However, he said "we see continuing good stability in the BRIC countries in general and good opportunity for growth in those countries as well."

© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Woman Who Tried to Kill Ford Freed
Sara Jane Moore, who took a shot at President Ford in a bizarre assassination attempt just 17 days after a disciple of Charles Manson tried to kill Ford, was paroled Monday after 32 years behind bars.
5:55PM ( 7 years ago )
A Revolution? Awaiting Chavez' Changes
LAS CUMARAGUAS, Venezuela (AP) -- In this dusty town of potholed roads on the Caribbean coast, people are fascinated with the revolutionary changes that President Hugo Chavez talks about constantly on television.
1:00PM ( 7 years ago )
Kenya Rioting Death Toll at 125
NAIROBI, Kenya (AP) -- Police fired tear gas and bullets Monday as they struggled to contain tens of thousands of opposition supporters accusing President Mwai Kibaki of stealing his re-election.
12:55PM ( 7 years ago )
U.S. News
Man shoots off firework from top of his head, dies instantly
CALAIS, Maine (AP) — A 22-year-old man who was drinking and celebrating the Fourth of July tried to launch a firework off the top of his head, killing him instantly, authorities said Sunday.Devon Stap...
8:41PM ( 23 minutes ago )
Greece enters uncharted territory after referendum 'no' vote
ATHENS, Greece (AP) — Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for mor...
8:09PM ( 55 minutes ago )
Back at work: Congress facing busy agenda, funding deadline
WASHINGTON (AP) — Members of Congress return from July Fourth fireworks and parades Tuesday facing a daunting summer workload and an impending deadline to fund the government or risk a shutdown in the...
3:02PM ( 6 hours ago )
Obama: Freedom is paid for by men and women of US military
WASHINGTON (AP) — President Barack Obama says U.S. service members make it possible to enjoy the "incredible blessings" in the greatest country on earth.He says "freedom is not free" but is paid for b...
12:45AM ( 20 hours ago )
At least 14 hurt in deck collapse at North Carolina beach
EMERALD ISLE, N.C. (AP) — A deck collapsed at a North Carolina beach house as a family got set to take a group photo Saturday evening, leaving at least 14 people injured with two of those in critical...
11:58PM ( 21 hours ago )