Accenture’s plans to secure top slot is pretty unique and hard to beat!

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Accenture’s plans to secure top slot is pretty unique and hard to beat!Accenture wants to leave its competitors far behind and is raking in money for the same.
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The IT firm is going to hire around 1,00,000 employees in FY16 and also going to make acquisitions worth $1 billion in new technologies.

Elucidating the strategy during a news conference in New York, David Rowland, chief financial officer at Accenture, told investors and analysts that this time also they are going to hire roughly 100,000 people, like last year.

TCS is also going for the kill and will hire around 65,000 in FY16.

Meanwhile, talking about acquisitions, Rowland said it is estimated that the company will spend between $900 million and $1 billion on acquisitions in FY16.

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The focus will be on three technologies, digital, cloud and cyber security. These three comprise $10 billion to its top line overall revenue.

In last financial year, Accenture ended with $7 billion in revenue from its digital business. TCS was close to $2 billion in digital revenue in the same period.

Talking about competition n digital business, CEO Pierre Nanterme told investors, “I would say that in our digital and operations business, we are the market makers. I spend a lot of my time looking at the competition, but there I would say we make the market. Our competition in digital is very fragmented and isn't doing what we are doing.”

Apparently, Indian IT firms will have a tough time as Accenture is moving really fast in the space and is deepening its ties with players of varying size across the digital ecosystem.

(Image: Reuters)