Amdocs to do R&D in Pune

Amdocs to do R&D in Pune

By siliconindia staff writer   |   Monday, 19 January 2004, 08:00 Hrs
Printer Print Email Email
MUMBAI: US-based software products company Amdocs is setting up a high-end research and development centre in Pune. In the initial phase, the centre will employ 400 people which could go up to 1,000 in the near future.

The Boston-based company’s spokesperson confirmed the plan. However, he declined to elaborate on the details of the proposed development plan. Sources say the company will seek high-end work out of the new facility.

“We chose India because of its high quality of development talent , and we look forward to applying that talent to appropriate projects worldwide,” said Jim Monahan, director, public relations at Amdocs in an e-mail response to an Indian daily, Economic Times, query.

The NYSE-listed company makes software products for billing and customer relationship management for the telecommunications industry. It has a market capitalisation of $5.6 billion, less than half the size of $11.9 billion value of Infosys Technologies.

It spends around $120 million annually on research and development and has development centres in Brazil, Canada, Cypress, Czech Republic, Germany, Ireland, Israel , US and Thailand.

Amdocs reported revenues of close to $1.5 billion for the year ended September 2003. It was also a turnaround year for the company as it reported a net profit of $169 million against a loss of $5 million in 2002. Pune is fast emerging as a hot destination for development centres after Bangalore.

Infosys Technologies recently announced that it will set up a new research and development facility in Pune.

Write your comment now
Submit Reset