Explained - What do the Accenture results mean for Indian IT companies
- Infosys and Wipro ADRs gained over 6% after Accenture's results
- Positive IT demand signals may support Infosys and Wipro shares
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Company
Accenture▲ +92% net tone today
Infosys +4.1%, Wipro +0.5%, TCS +1.2% on Thu, 1 Oct- Accenture flagged lower pricing in Q4 and intense competition ahead
- Accenture shares rose 22% after results beat expectations and its FY27 outlook strengthened
- Accenture reported Q4 revenue of $18.7 billion, up 6% in US dollars
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Accenture forecasts 3-6% FY27 revenue growth after Q4 revenue beats guidance
- Q4 revenue was $18.7 billion, up 6% year-on-year and above the high end of guidance
- FY27 revenue growth forecast at 3% to 6%, above analysts’ estimates of 3.9%
- Accenture’s outlook eases AI concerns, lifting sentiment for Indian IT services companies