US subprime crisis has minimal effect on Accenture: Official

Bangalore, Nov 29 (UNI) The subprime crisis in the US and appreciation of the Rupee against the Dollar have so far had minimal effect on the IT and BPO major Accenture, a company official today said.

Talking to newspersons here, Global Delivery Network senior Managing Director Basilio Rueda said Accenture had not felt the 'heat' much as its portfolio was diversified and the company's revenue share of financial businesses in the US formed only a part of its business.

''We operate in multiple countries and in diversified fields. We are still waiting and watching the situation in the US and have significant plans ready to counter any adverse effects,'' he claimed.

The official said Accenture had a significant presence in the Europe and had a multi-currency revenue. Many of the currencies world over had appreciated against the Dollar and the company's global presence and diversified revenue had kept it well insulated.

Accenture was a global management consulting, technology services and outsourcing company, employing 1.7 lakh professionals. India had been its largest geography with 36,000 professionals working from five locations-- Delhi, Mumbai, Chennai, Bangalore and Pune.

Mr P G Raghuraman, Lead, Delivery Centres for BPO in India said India had been in the forefront in innovation for the company as high-end works were being undertaken from the country and then distributed to the other countries. ''India plays as an anchor for our facilities world over,'' he said.

UNI