Results▲ Bullish for Indian equities
Blockbuster Accenture show holds out hope for battered Indian IT
The brief
- Accenture's latest financial performance has sparked optimism about a revival in client demand for Indian IT
- Improved client demand expectations may support Indian IT services companies
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Accenture’s results and AI-led outlook
Accenture reported Q4 revenue of $18.7 billion, up 6% year-on-year and above guidance, and EPS of $3.29. It forecast FY27 revenue growth of 3% to 6%, expects to hire in every market at a slower pace, and sees falling AI token costs encouraging greater client spending; its results lifted Indian IT shares.
Monday, 5 October
- Blockbuster Accenture show holds out hope for battered Indian IT