William McCracken, chief executive of Islandia-based CA Technologies, told reporters in Hyderabad, India, this week that the company plans to add over the next five years another 500 workers to the 2,000 CA software engineers and other employees already in Hyderabad.
CA, with a market capitalization of about $13 billion, also considers India "a good target" for future acquisitions of other companies, McCracken, 69, told reporters Tuesday.
Earlier this month, CA said it has about 1,525 employees on Long Island; that's down from 1,925 in 2007, according to Newsday data. The company has close to 14,000 employees worldwide.
McCracken was in Hyderabad, a city of about 7 million people and the capital of the southern state of Andhra Pradesh, for the launch of a CA partnership with the International Institute of Information Technology. CA and the school teamed up to create the University Innovation Center at CA's India Technology Center.
A Tuesday report in the Hindu Business Line says CA also has signed an agreement with two private info tech companies, Mahindra Satyam and Tech Mahindra, in Hyderabad "to conduct joint research in cloud, telecom, manufacturing and the health care verticals."
The International Monetary Fund estimates that the Indian economy will grow this year by about 7 percent, down from last year's 8 percent.
CA had income of $901 million on revenue of $4.75 billion during the past year, as reported in quarterly earnings statements.
The company's operations in Hyderabad are centered in HITEC City, where CA's cricket team this spring edged past teams from Honeywell and Thomson Reuters to make it into the Super Six final competition, but it was bested by teams from Qualcomm and IBM, according to the Hyderabad Software Cricket League website.