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

India's $254-bn IT services industry saw its slowest revenue growth of 3.3% last year, but expects a demand recovery

- Jas Bardia

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. The Dublin-headquartered company's hiring spree paints a sanguine outlook for home-grown 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.