Bengaluru: Accenture Plc plans to spend $1.8 billion on acquisitions this year—more than what its three biggest Indian information technology (IT) rivals combined spent in the past three years—as it seeks to accelerate growth. Indian IT firms, which follow an April-March fiscal, will have to better their performance from last year or risk growing slower than Accenture. TCS, Infosys and Wipro reported a dollar revenue growth of 6.2%, 7.4% and 4.9%, respectively, last year. Accenture is expected to end FY17 on 31 August with at-best 5.8% dollar revenue growth. For the year to August 2016, the management said its 15 acquisitions accounted for 2 percentage points of overall 10.5% constant currency growth (6% dollar revenue growth).

Source: Mint June 27, 2017 19:07 UTC