Indian software services exporter Infosys has announced the opening of a new IT center in Sofia as part of its continued expansion into Europe. In the next 4 years, the company plans to expand its workforce in the country to 500 employees. The local team will work on global projects related to next-generation digital technologies such as artificial intelligence and cloud systems.
Specifically, specialists in Infosys Cobalt, Cloud Solutions, Infosys Topaz AI & Automation, Data and Insights, IoT, 5G and Software Engineering will be sought.
The new center will help the Indian company expand its already established relationships with the European manufacturing, retail and financial services sectors.
“We will continue to expand our presence in Europe. Bulgaria is known for its exceptional IT professionals and we are excited to build a team to meet the needs of the next generation of skills and technology solutions” commented Dinesh Rao, Executive Vice President and Head of Delivery at Infosys.
The IT center in Sofia will also serve as an innovation hub for the growth of teams in the field of digital, analytical, system applications and data processing products (SAP) and cloud technologies.
The Indian outsourcing industry began by providing low-cost back office solutions to some of the world’s largest corporations. Its importance has grown over time, and now it is betting on the rise of big data, artificial intelligence and machine learning to drive digital business transformation and earn higher margins.
Infosys was founded in 1981. The company serves customers in 56 countries with a workforce of over 300,000 people. The company went public in 1993 and today is the second largest exporter of software services in India. The giant, along with Tata Consultancy, are leaders in the local market, estimated at about $250 billion.
The company is running about 80 projects on generative artificial intelligence, one of the hottest technologies in recent times.
Against this backdrop, the IT industry reports a downward trend in global technology spending. This also prompted Infosys to lower its forecasts for the financial year ending March 2024. The Indian company said it expects revenue to rise 1 to 2.5 percent, which would be the slowest pace in six years. Analysts expected an average of 5% growth.
The global IT industry needs new employees: here are the best paid
More than half of the managers in our country want an increase in their teams
The global IT industry needs new employees
As Money.bg wrote, more than half of the IT managers in Bulgaria expect an increase in their teams next year. This was made clear by Equinix’s 2023 Global Technology Trends Survey. 52% of the leaders in the IT industry in our country express readiness to increase their teams in the next 12 months. 24 percent of them expect team growth of between 10% and 25%.
The survey summarizes the views of 2,900 IT decision-makers in various organizations in the Americas, Asia-Pacific and EMEA, including Bulgaria, on the challenges and opportunities they face in implementing innovative technology strategies in the complex economic and geopolitical climate.
Main results of the study for Bulgaria:
- 52% of managers in the IT sector in our country have increased their teams in the last 2 years and need more new staff
- 5% of managers in the IT sector expect a reduction in their teams
- Access to highly qualified staff is critical
Salaries in the Bulgarian IT sector
From BGN 800 to BGN 20,000, the specialized website Dev.bg reveals what net salaries are in the IT industry. The platform publishes the aggregated data on the remuneration levels in the industry, which are calculated based on the salary advertised job positions from over 1,300 companies in the sector.
The data clearly shows that the increasing demand and limited supply of DevOps professionals is also reflected in pay levels. Depending on their experience, these IT specialists receive between BGN 5,195 and BGN 13,000 monthly net salary
The top 3 fields in terms of net salary also include Mobile development, with salaries in the range from BGN 5,041 to BGN 10,000 (net) and C/C++/Embedded roles with salaries of BGN 4,857, reaching with the accumulation of experience up to 11,000 BGN.
From BGN 800 to BGN 20,000 per month: What are the real salaries of IT specialists in Bulgaria in 2023?
The lowest and highest salaries of the year