Friday, October 07, 2005

Fri - Accenture prove corporate tech spending rebounding

Accenture has just posted results for the three months to the end of August way ahead of even their latest estimates, proving that the rebound in corporate sepending on technology may be broadening.

The consultancy and outsourcing giant saw the strongest rebound in their American business, where they saw a 22% jump in revenues, as opposed to a 4% increase seen in the preceding 3 months.

Their financial services business was apparently the best performer, reflecting the strength of the investment and retail banking sector in particular.

Accenture stated that they are not seeing an eroding of margins in their higher margin consulting and systems integration business with increasing competition from low-cost Indian competitors.

All the same, Accenture is building their Indian division aggressively, hiring 1,500 employees there in the last quarter, bringing their total Indian workforce to 15,000. They expect to continue hiring at the same rate going forwards.

No comments: