WORLD ECONOMIC FORUM Day-2 | India Economic Summit

Accenture to recruit 8,000 more in India

fe Bureau

Posted: Tuesday, Nov 10, 2009 at 2254 hrs IST
Updated: Tuesday, Nov 10, 2009 at 2254 hrs IST


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New Delhi: Global technology and consultancy giant, Accenture plans to increase its India headcount from the present 42,000 to 50,000 by the end of 2010. William D Green, chairman and chief executive officer of Accenture, said on the sidelines of the ongoing India Economic Summit, organised by the World Economic Forum in partnership with the CII.

“We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010”, Green said. Accenture has a global workforce of 1,77,000 people.

As a side-effect of the global downturn, companies are increasing their offshore component as a measure to cut costs and increasing their India workforce. This has been a trend with almost all IT companies including global service providers.

Green said that though recovery is expected for the technology sector, the demand levels will not be at the same level as in the period before the downturn. “We are going to see technology spending to come back. But, I don’t think it is going to be what it was like two years ago, but it will be fairly robust,”said Green. He added that clients are seeing stability in the environment and the phase of unpredictability is more or less over. “The demand for technology services is only going to continue to increase in the coming months,”he added.

Talking about the focus areas in the country, Green said that Accenture, which is among the top five IT service providers globally, sees huge opportunities in the area of analytics. He said that analytics is an area, which will help its clients convert information to get more insights for better yields across the company functions.

“We believe that analytics is going to be an important trend that our customers are going to demand from us. We think India is going to be a great place for us. We have some core centres of excellence in the analytics space in the country,”Green added.

The company, which reported annual revenue of $21.58 billion for fiscal 2009, is also looking at strengthening its focus sectors such as pharmaceutical, telecommunications and energy in the country, which are traditionally considered to be high-spenders of technology.

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