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Accenture’s Strong Growth a Positive Sign for Indian IT Sector, Say Analysts | In the News

Chennai: Accenture’s strong 4% growth in the quarter ended November and raising revenue guidance has reaffirmed the IT services industry’s expectations of demand recovery post the initial slump due to Covid-19.

“Accenture’s ‘beat and raise’ November 2020 results prove that the time has come, and release of this pent-up demand has partly started driving services industry growth,” Prashant Shukla, director of research firm Everest Group, said. “The results show enterprises are opening up their spend with vendors, and Indian IT players will reap significant benefit from this trend. We expect good acceleration in revenue performance and continued momentum in booking trends in Dec’20 quarter of Indian IT services players,” he added.

Read more in Economic Times

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