Accenture to Expand Philippine Operations

Posted on March 18th, 2008. Written by Rico.

Multinational Accenture, a company that specializes in consultancy, technology, and outsourcing, will expand its operations in the Philippines, the Manila Bulletin reports:

In a briefing last week, the New York Stock Exchange-listed firm announced that it is in the process of adding more to its 15,000-strong local manpower base, as well as branching out to other technology-related services… Accenture Philippines managing director Beth Lui said the company is also looking at adding more facilities in the Philippines.

Though Accenture employs a significant number of Filipinos and maintains at least 8 offices in the country, its Philippine operations are just a small piece of its worldwide presence, featuring over 175,000 people in 49 countries. Accenture made a net total of $1.24 Billion last fiscal year.

Clearly, the decision from upper management to increase its commitment in the Philippines indicates its confidence in its existing Filipino talent. But will Accenture, and the stability implied by its multinational nature, make it harder for local companies to get the IT workers they need?