Sunday, June 28, 2015

Accenture Hiring 95,000 People This Year

New York: Consulting and outsourcing firm Accenture, which competes with Indian counterparts like Tata Consultancy Services (TCS) and Infosys, said it has set a hiring target of 95,000 individuals globally for the ongoing fiscal year ending August 2015.

The company follows September-August cycle as fiscal year.


(Also read: Why Infosys, Wipro should fear Accenture’s rapid growth)


The US-based firm, which posted revenues of $7.8 billion (up 0.4 per cent in dollar terms and 10 per cent in local currency) for the third quarter that ended on May 31, 2015, has a global headcount of about 3,36,000 people.


“We ended the quarter with a global headcount of about 3,36,000 people, and we now have approximately 2,37,000 people in our global delivery network.”


“We now expect that approximately 95,000 people will join our company in FY15,” Accenture chief financial officer David Rowland said in an analyst call.


Accenture has its largest employee base in India with close to three lakh people.


India’s largest IT services firm TCS has 3,19,656 people on its rolls, while Infosys has over 1.76 lakh employees.


Accenture’s utilisation rate for the reported quarter was 90 per cent, compared with 91 per cent for the second quarter of fiscal year 2015.


Attrition stood at 15 per cent, compared with 14 per cent for the second quarter of fiscal year 2015 and 14 per cent for the third quarter of fiscal year 2014.


The company reported net income of $850 million in the said quarter.


Accenture chairman and CEO Pierre Nanterme said revenue growth was broad-based across the business.


“New bookings of $8.5 billion bring us to $25.5 billion for the first three quarters of the year, demonstrating the continued strong demand for our services,” he added.


The company has also increased its net revenue growth forecast in local currency to be in the range of 9 to 10 per cent, compared with 8 to 10 per cent previously.


For the fourth quarter, Accenture expects net revenues to be in the range of $7.45 billion to $7.70 billion, assuming a foreign-exchange impact of negative 10 per cent compared with the fourth quarter of fiscal year 2014.


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