Thursday, August 26, 2010

are s/w prof greedy?

Bad things happen in good times too. Indian IT companies are finding it hard to recruit and retain employees as the recovery takes a definite shape. And their bottomlines are getting hit due to rising wages and high attrition. Earnings before interest, tax, depreciation and amortisation (EBITDA) margins or operating margins have been dipping for most of the IT biggies in the recent quarters largely because of the spurt in wage inflation
http://timesofindia.indiatimes.com/business/india-business/High-attrition-rate-hits-IT-companies-bottomlines/articleshow/6435506.cms