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Employment stabilizes at software houses Globes [online]
June 23, 2003
Israel Association of Software Houses chairman Amiram Shore: For the first time in two years, the downward trend in employment at Israeli software houses has halted. Software sales fell 1.4%.
For the first time in two years, the downward trend in employment at Israeli software houses has halted. Software houses laid off 300 employees in January-April 2003, and hired the same number. Five Israeli software houses merged or were acquired by by foreign companies for an aggregate $400 million during this period.
Upon announcing the figures today, Israel Association of Software Houses chairman and chairman Amiram Shore said software houses had laid off 1,500 employees in the past two years.
Shore said software sales in January-April 2003 were 1.4% lower than the four-monthly average in 2002, amounting to $1.15 billion. Amdocs recorded the highest sales in the first quarter of 2003, at $355 million.
Shore added that domestic sales were down 5% in January-April 2003 were 1.4% lower than the four-monthly average in 2002, to $300 million. Software exports fell to $850 million.
A survey of business performance by leading Israeli software houses in the first quarter of 2003 found that Amdocs was in first place with $355 million in sales, 4.4% higher than in the preceding quarter.
Mercury Interactive Corporation was in second place, with sales of $110 million, 6.2% less than in the preceding quarter. Third was Check Point, with $105 million in sales, 4.9% less than in the fourth quarter of 2002.
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