What does Accenture's hiring spree mean for IT cos?

Accenture Plc's renewed hiring—adding 49,000 staff globally in six months to November—suggests technology services companies expect much better growth in coming months, according to analysts.

- Jas Bardia

BENGALURU: The Dublin-headquartered company's hiring spree paints a sanguine outlook for homegrown IT services companies that are expected to record better growth in the coming quarters, the analysts said.

Accenture ended November with 799,000 employees, added 24,000 employees in the June-August 2024 period and 25,000 employees in the three months to November. Its new recruits in last six months alone make up about 6% of its overall workforce. Accenture follows a September-August accounting year.

India's $254-billion software services industry reported its slowest revenue growth of 3.3% last year due to macroeconomic uncertainties.