iGATE Global Solutions, an integrated technology and operations firm with a global services delivery model, said the company would add 800-1,000 people at its development centres this year.
Freshers would account for about 30 per cent of the intake.
Presently iGATE employs more than 4,000 people, out of which 30 per cent work outside India.
iGATE also said it will target 40 per cent gross margin and 15 per cent EBIDTA by March 2007.
"This year we expect the overall profitability to be better. We are currently at 30 per cent gross margin and 4-4.5 per cent EBIDTA (earnings before interest, depreciation, taxes and amortisation) and our goal is to be at 40 per cent gross margin and 15 per cent EBIDTA by March 2007," chief executive officer of iGATE, Phaneesh Murthy told reporters in Chennai.
iGATE reported a revenue of Rs 580 crore (Rs 5.8 billion) for 2004-05, compared to Rs 570 crore (Rs 5.7 billion) in the previous year.
"While we are profitable, the two factors -- rupee appreciation and 13 per cent salary increase announced for our employees for 2005-06 -- will have 4-5 per cent impact on the margins," he said.
Murthy said that clients were less sensitive to pricing, since they were getting quality work. "About 60-70 per cent of our revenue flows from fixed price projects," he added.
North America accounts for about 70 per cent of iGATE's revenue and the remaining comes from Europe and Asia Pacific. "We are focussing strongly on Japan," he said.
