Software testing company AppLabs has plans to hire 1,000 engineers this year to test software products being sold to different verticals.    "Demand for software testing is increasing. With increasing awareness among people, more people are getting attracted towards this service," Abhay Rao, AVP, Human Resource, AppLabs told PTI.

"We are expanding our operations globally and plan to hire around 1,000 software testing engineers across all verticals we are present in and getting in to," he added. The company will hire 800 engineers in India and rest of 200 engineers will be hired by offices of company in the US and Europe.

"We will be hiring around 50 engineers next month to meet our operational demand on immediate basis," Rao said. Based on the demand for service of the company, Rao said that he expects approximately 50 per cent revenue growth for the company in this financial year.

At present, AppLabs has close to 2,500 employees across its offices in India, Philadelphia, Pennsylvania and London. The company has plans to expand in Europe and as part of this it will open an office in Zurich within next six months.

To share the growth of company, AppLabs also announced to give 20 per cent average salary hike to its employees across board. "Last year we could not give much hike but we are seeing increased demand of our services which we have shared with our employees," Rao said.

The company though did not disclose its revenue but said that among industry verticals banking finance and services sector contributed maximum to its revenue at 31 per cent, followed by technology segment at 18 per cent, travel vertical at 12 per cent and retail segment accounted for 11 per cent of it total revenue.

Rest of the revenue came from health care and life science, insurance, media and entertainment, certification, and others.