Accenture is betting on acquisitions to expand its cloud business which grew in double-digits for the second quarter ended 28 February. Since the launch of Cloud First, Accenture has acquired nine companies in the cloud segment to meet rising global demand for its services. “We are looking for companies that have people with deep expertise in full stack engineering, cloud engineering, data migration capabilities, and those who can build products and platforms in the cloud," Kishore P. Durg, senior managing director and lead–Cloud First Global Services, Accenture, said in an interview. The company’s thrust on cloud comes at a time when global spending on public cloud services is on the rise and expected to reach $332.3 billion in 2021, an increase of 23.1% from last year, according to the latest Gartner forecast. Public cloud spending in 2020 was $270 billion.

Source: Mint May 26, 2021 17:48 UTC