Economy
Accenture's Strong Earnings Lift IT Stocks Amid Subdued Outlook
Livemint2h
THE BRIEF
1
Accenture reported fourth-quarter revenue growth of 7% in constant currency and forecasted 3–6% growth for FY27, supported by strong bookings totaling $22.4 billion.
2
US-listed shares of Indian IT firms Infosys and Wipro rallied overnight following Accenture's positive results on advanced enterprise artificial intelligence adoption.
3
Brokerages noted that while AI demand signals are improving, pricing pressure and productivity pass-throughs will likely constrain reported growth for Indian IT companies in FY27.