BENGALURU: Accenture continues to guess massive on Indian expertise and is anticipated to rent extra within the nation. “We’re hiring primarily in India, as we’re hiring extra in know-how. This additionally addresses our pyramid construction. We rent all around the world and in know-how, which is an enormous driver for progress as we see for FY25. We will likely be hiring extra in India,” Accenture CEO Julie Candy instructed analysts in an investor name.
Accenture has over 3 lakh staff in India out of the 7.7 lakh globally. The corporate made a internet addition of 41,484 folks within the 2024 monetary yr. Within the August quarter, the corporate added over 24,000 folks. Accenture follows a September-August monetary yr.
The corporate’s board has accepted $4 billion in share buyback, bringing Accenture’s complete excellent authority to roughly $6.7 billion. Accenture has raised its income forecast to three% to six% for the 2025 monetary yr, which is an enchancment from its earlier forecast. That is attributed to 2 major components — a extra favorable macroeconomic local weather and the latest choice by the US Fed to decrease rates of interest.
The IT agency expects revenues for the primary quarter of the 2025 fiscal to be within the vary of $16.8 billion to $17.4 billion, a rise of two% to six%. For the complete yr, Accenture’s income grew 2% to $64.9 billion. Within the August quarter, its income was $16.4 billion, a 5% enhance in comparison with the identical interval final yr.
For the 2024 fiscal yr, new bookings reached a file $81.2 billion, a 13% enhance from the earlier yr, and bookings for the quarter have been $20.1 billion, up 21% in comparison with the corresponding interval final yr. Within the fourth quarter of 2024, Accenture bagged GenAI bookings price $1 billion.“We delivered full-fiscal yr new bookings of $81 billion, together with a file 125 quarterly consumer bookings of greater than $100 million, and now have 310 Diamond purchasers, our largest relationships. We proceed to speed up our management in Generative AI, which we consider is probably the most transformative know-how of the subsequent decade, delivering $3 billion in new bookings for the yr. Our profitable technique to guide reinvention for purchasers and continued investments in our enterprise have positioned Accenture for robust progress,” Candy added.
“The magnitude of this achievement is seen compared to FY23, after we had roughly $300 million in gross sales and roughly $100 million in income from GenAI,” she mentioned in an e mail to staff. She additionally instructed staff that smaller offers convert to income quicker, so the lower in consumer spending on smaller offers impacted its progress this yr.
