Watch: OpenText India MD Isaac Rajkumar on hybrid work model, strategy for growth
Waterloo, Canada headquartered information management giant OpenText, which began operations in 2009 with around 400 employees, has built a significant presence in India and currently employs some 3,000 people at its Bengaluru and Hyderabad offices.
Two thirds of its Indian workforce is engaged in product development, playing a prominent role in building solutions that are deployed by the company globally, according to Isaac Rajkumar, managing director, India and vice president, engineering, OpenText.
Like most IT firms, OpenText has also witnessed a spurt in its cloud subscription services with cloud services and subscriptions revenues growing at 41.1% year-over-year to $350.5 million, according to its recently announced financial results for the second quarter ended December 31, 2020 (fiscal year 2021).
The company’s annual recurring revenues grew 21.5% year-over-year to $684.9 million.
OpenText India is currently re-aligning its operations with the post pandemic world. For now, the company has moved all of its India workforce to a work from home model. Last year, OpenText CEO Mark Barrenechea said that the company will permanently move into a 50-50 hybrid working model.
Rajkumar told TechCircle that OpenText India is still contemplating the idea of a hybrid work model and trying to work out how and which operations can function in a hybrid work environment.
He also spoke about the importance of the Indian workforce in the context of 14,000 of OpenText’s global employees. Additionally, Rajkumar detailed expansion plans within India and strategies on taking the cloud business forward through a slew of launches on the OpenText Cloud platform.