Financial Daily from THE HINDU group of publications
Wednesday, Aug 03, 2005
Financial Daily from THE HINDU group of publications Wednesday, Aug 03, 2005 |
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Info-Tech
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Software Sun Micro to invest more in India Our Bureau
Mr Bhaskar Pramanik
Bangalore , Aug. 2 SUN Microsystems Inc expects to invest more in the India operations, which saw a 28 per cent growth in revenues for the year-ended June 2005. India, China, Russia and Czech Republic have been identified by Sun Microsystems as the major investment destinations for fiscal 2006 in terms of facility and the number of people, Mr Bhaskar Pramanik, Managing Director of Sun's India operations, said on Tuesday. Sun Microsystems had invested $150 million in India since 1998 and has over 1,200 people in the country. The company has about 1,000 people at its engineering centre in Bangalore. "We added 400 people last year and the number will increase this year", Mr Pramanik said. The 28 per cent growth in fiscal 2005 was about seven per cent more than the market growth, he said. However, it was lower than the 41-per cent growth that the company clocked in fiscal 2004. The company saw a 50-per cent increase in its bookings during fiscal 2005, he added. "The India operations grew much faster than China and continues to be one of the fastest growing geographies for Sun," Mr Pramanik said, adding the company signed up 164 new customers and saw tremendous growth in some of its businesses such as x86, storage and services. Sun has demonstrated growth across all key segments of the market including servers, storage, software, solutions and services, he said. Sun, in a bid to sustain its growth momentum, will be targeting the services sector in India besides the government, education and healthcare, Mr Pramanik added.
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