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Software product start-ups face talent crunch at entry level

Retaining employees beyond one cycle of product development is a growing concern for the industry as growth of the sector is directly proportional to the availability of the right talent.

The service will focus on design thinking, platforms and knowledge-based IT as part of its efforts to return to industry-leading growth numbers.
The company also raised its full year revenue guidance for 2015 to $12.33 billion, up at least 20.1 per cent compared to 2014.
The firm reported Rs 2,187.7 crore net profit (consolidated) in the first quarter of the current fiscal. It posted Rs 2,103 crore net profit in the Q1 of last fiscal.
The IT outsourcing major had discontinued giving a quarterly revenue guidance in percentage and numbers since fiscal 2014.
The company, which hired about 14,500 people in 2014-15, has about 21.7 per cent of employees at onsite locations.
Appointment of Vishal Sikka as the company's CEO and MD since August 1, 2014, definitely seems to have worked in the company's favour.
The company forecast a revenue growth of 11.5-13.5 per cent in rupee terms and 7.2-9.2 per cent in dollar terms for whole of FY16.
This would be the first acquisition by Wipro Digital, a business unit formed recently to tap into the digital oppotunities in the market.

The company will have to convince developers to create apps for the phone version of Windows 10.