Karthik Narain Will Lead Accenture’s Cloud First Launches With $3 Billion Investment

Accenture, a leading partner to the world’s major cloud providers, has announced the formation of Accenture Cloud First. The company will be investing $3 billion over three years to help its clients across all industries accelerate their digital transformation to become cloud-first businesses.

In its fiscal year 2019, the company had approximately $11 billion in cloud revenue. Its leadership spans from Software as a Service to its migration and application cloud services.

Accenture Cloud First and join the Global Management Committee will be led by Karthik Narain from October 1. He is a technology industry veteran based in Silicon Valley with an over 20-year career. He recently served as the lead for Accenture Technology in North America and helped guide Global 2000 brands in using the cloud and other technologies for business transformation.

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Julie Sweet, chief executive officer of Accenture, said “COVID-19 has created a new inflection point that requires every company to dramatically accelerate the move to the cloud as a foundation for digital transformation to build the resilience, new experiences and products, trust, speed, and structural cost reduction that the ongoing health, economic and societal crisis demands — and that a better future for all requires.”

She further added “Accenture Cloud First and our substantial investment demonstrate our commitment to delivering greater value to our clients when they need it most. Digital transformation requires cloud at scale, and post-COVID leadership requires that every business become a ‘cloud-first’ business.”

Accenture Cloud First is a new multi-service group that aims to bring together the full power of Accenture’s industry with its technology capabilities, ecosystem partnerships, and deep commitment to learning and upskilling clients’ employees.