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Date 16th February11

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http://www.pteducation.com/drishti.aspx

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Article On: 12 earliest H-1B gainers

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12 earliest H-1B gainers Applications for US H-1B visas, the most sought after by Indian professionals for working in America, recently reached the Congressional-mandated cap of 65,000 for the current fiscal. The H-1B is a non-immigrant visa in the US which allows American companies to temporarily employ foreign workers in specialty occupations. Here are the top 12 earliest gainers of the visa programme according. Infosys Technologies Ltd Topping the list is the country's IT bellwether Infosys Technologies Ltd. According to US Customs and Immigration Services (USCIS) data, the company bagged 3792 H-1B visas. Country's second-biggest IT company, Infosys Technologies, recently reported lower-than-expected third quarter earnings due to wage costs, currency fluctuations and sluggish European economic growth. However, Infosys revised its revenue guidance for the year upwards, as it hopes that customers will give more outsourcing orders after the Christmas vacation. Since April 2010, Infosys has revised its revenue guidance every financial quarter. Cognizant Tech Solutions Corp At no. 2 on the list is Cognizant Tech Solutions Corp with 3388 H-1B visas in the kitty. Cognizant, which posted revenue of $1.31 billion for the fourth quarter, forecast a 26 percent revenue growth for 2011. This brings the company in touching distance of Wipro, India's No. 3 software services exporter. Microsoft Corp Software giant Microsoft Corp ranks at no. 3 on the list. The company has bagged 1618 visas. The Redmond-based company has been among the biggest supporters of the visa programme. Last week, the company announced a strategic partnership with cell phone giant Nokia. The deal gives Microsoft access to one of the worlds largest mobile-phone distribution networks.

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Wipro Ltd At no. 4 on the USCIS list is Bangalore-based Wipro. The company bagged 1521 visas in 2010. India's third-largest software company has been growing at a slower pace compared to its peers Infosys, TCS and Cognizant. The company recently announced that its IT business will now be driven by six new business units and it would have eight key functions in finance and accounts, human resources, strategic marketing, CIO and operations, mission quality, strategy and M&A, legal and risk compliance. IBM India Pvt Ltd IBM India Pvt Ltd ranks at no. 5 on the list with 882 visas. The company is among one of the biggest IT employers in the country. IBM does not break out country-level employee numbers, but company insiders and experts tracking IBM said it employs nearly 1,28,000 staff in India. Accenture Technology Solutions IT consulting firm Accenture Technology Solutions is next in line with 506 visas. Accenture India recently appointed Avinash with global revenues of nearly $24 billion, Accenture, the worlds second-biggest tech consulting firm, has lagged global rivals such as IBM in over $20 billion Indian market. Larsen & Toubro Infotech Ltd Next on the list is the technology arm of Indian engineering giant Larsen & Toubro. Larsen & Toubro Infotech Ltd ranks at no. 7 with 333 visas. Speculations are rife that Larsen & Toubro may sell stake in Larsen & Toubro Infotech. L&T Infotech employs over 12,000 people and offers end-to-end software solutions and services to banking and financial services, energy, manufacturing, product engineering services and healthcare verticals. It earns 30% of revenues from manufacturing verticals and is relatively less exposed to banking, finance and insurance verticals. Satyam Computer Services Satyam Computer Services, now called Mahindra Satyam, ranks at no. 8 with 224 visas. Mahindra Satyam has reported an over two-fold sequential jump in consolidated net profit for the quarter ended December 31, 2010, to Rs 58.9 crore.

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The company had 217 clients at the end of December 31, 2010. Its consolidated cash and cash-equivalent reserves stood at Rs 3,048 crore for the reporting quarter. Mphasis Corp Hewlett-Packard's outsourcing company Mphasis Corp ranks next in line with 197 visas. Deloitte Consulting LLP At no. 10 on the list is Deloitte Consulting LLP with 196 visas. Google Inc Another H-1B visa proponent Google Inc is the eleventh biggest beneficiary of H1B visa. The company reportedly has recieved 172 H-1B visas. Patni America Inc At no. 12 is Patni America with 164 H-1B visas. US-based iGate recently took majority stake in Patni Computer Systems.

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