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 · INFY
Infosys▼ −29% net tone today
₹1,035.00 · +4.11% on Thu, 1 Oct · +2.0% in 5 days- Infosys shares hit a 6-year low intraday on September 29
- Infosys guides for FY27 constant-currency revenue growth of 1.5%-3.0%
- Infosys plans to shift up to one-third of its more than 320,000 employees into specialist roles
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03 Oct
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
Jefferies is bearish TCS, Wipro, 6 other IT stocks ahead of Q2 results. How many do you own?
- Jefferies expects modest Q2 FY27 IT growth, primarily fueled by acquisitions
- Large IT firms are predicted to struggle
- A subdued growth outlook weighs on Indian IT services companies including TCS, Wipro and Infosys