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
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Topic
IT services▲ +29% net tone today
Nifty IT +2.17% vs Nifty −0.88% on Thu, 1 Oct: in line with the news- TCS will take over Best Buy’s India GCC and turn it into an AI capability centre
- A US judge blocked the $100,000 H-1B fee again, ruling agencies failed to…
- Accenture expects higher client AI spending as token costs fall; its shares rose 22% in New York
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IT Q2 Preview: Large-cap firms seen posting weakest growth in three years; midcaps may outperform
- Large-cap Indian IT firms may post their weakest Q2FY27 growth in three years
- Midcaps may outperform; an Infosys guidance cut is expected
- Weak growth expectations and possible guidance cuts weigh on Indian IT stocks, including Infosys
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
