Raju, like other Indian outsourcing leaders, said the Indian educational system can do better in preparing college graduates for the work force. With 550,000 engineering graduates annually, there is nonetheless a skills shortage among those qualified to work for the outsourcing firms. Thus, Satyam and the other Indian companies must spend months training new hires before they are ready to start work. "Not all colleges prepare people as well as they should to capitalize on opportunities. Its like access to raw diamonds. There is a need for finishing schools," said Raju. "The amount of effort that we put in will have to come down."Also at the Analyst Day event, Satyam managers noted that the company continues to do a robust business in SAP integration. Mynampati cited one large pharmaceutical customer, to which Satyam has assigned 800 employees to handle its SAP implementation. Mynampati said Satyam remains strong in other sectors, such as manufacturing, where it claims 28 percent of its revenues, as well as among telecommunications companies. In a sign of increasing deal sizes, he said an increasing number, now 50 percent, are being advised by third-party consultants. This is making the deals more complex and taking them longer to close, he said. Check out eWEEK.coms for the latest news, reviews and analysis on IT management from CIOInsight.com.
Click here to read more about Indian education.