Accenture’s second quarter results are an indicator of what looks to be a good year for the IT and consulting firm, say analysts. However, it may not be a good year for the broader technology services sector, especially for firms that do not have a clear road map on digital and cloud, the experts added.
“These were solid results (for Accenture) but only the first down payment on what is looking to be a great year. They have a stacked pipeline, the market is growing fast and we are moving into a critical skills shortage, which will allow them to keep margins high. I think they are successfully keeping expectations below what they are likely going to achieve,” said Peter Bendor-Samuel, CEO at research firm Everest Group.