Accenture results no pointer to Indian IT performance
Once bitten, twice shy. Accenture said in the past year, digital-related services grew approximately 35% to more than $7 billion. Accenture’s management told analysts in post-results conference call that dominant drivers of its growth continued to be strong double-digit growth in digital-related services and operations, and added later that they expect growth in the segment to remain strong in double-digits in the new fiscal year. Analysts at JP Morgan point out in a note to clients, “In addition to organically building capability, Accenture has made nearly 25 tuck-in acquisitions or investments in digital/SMAC over the past two years—the company considers an active M&A agenda integral to its end-to-end positioning in digital, because it is not easy for companies to organically play across the digital stack, cutting across technologies, segments, functionalities and platforms. In fact, Accenture has acquired four digital-related businesses in the last month.” Cognizant Technology Solutions Corp., another large outsourcing company to have had success in the digital space, has resorted to a number of acquisitions in the past two years as well.
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