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ACCENTURE COMMENTARY
Accenture signals caution, but analysts see long-term IT opportunityAccenture's earnings signal tough times for IT services. Indian IT firms face weak demand and cautious client spending. While valuations ar...- TCS, Infosys, Wipro, other IT stocks crash up to 8% as Accenture lowers FY26 guidanceIndian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast, signaling continu...
- Buy, Sell or Hold: Morgan Stanley raises target price on NYKAA; Elara Capital maintains buy on Devyani InternationalBrokerage views on Indian equities are mixed as Morgan Stanley raises Nykaa's target price on ambitious FY30 growth plans. Conversely, conc...
- Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecastInfosys and Wipro ADRs plunged following Accenture’s reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding ...
- TCS shares fall 2% after Q4 results. What Jefferies, Nomura and 3 other brokerages are sayingDespite a 12% year-on-year rise in net profit to Rs 13,718 crore and a 10% revenue increase to Rs 70,698 crore, TCS shares fell 2%. The IT ...
- IT business environment better than a year ago, no AI impact on hiring before FY26: Rahul JainRahul Jain from Dolat Capital advises focusing on Indian IT companies' Q2 earnings commentary rather than Accenture's guidance. He notes th...
- ET Explainer: Should Indian IT companies be concerned about Accenture’s Q2 guidance?Discretionary spending is under pressure, decision-making is slow and small deals are fewer in number, as was the case in the recent quarte...
- Accenture earnings harbinger of bad news for 3 Indian IT stocks. Sell or hold?Accenture's 4% YoYcc growth in 4QFY23, at the mid-point of its 2-6% guidance, was the sixth straight quarter of revenue deceleration for th...
- Accenture's dismal Q3 adds to worries over Indian IT stocksAccenture's revenue growth guidance downgrade for fiscal year ending August 31 has increased caution toward the IT sector, particularly Ind...
- Largecap vs midcap: Accenture earnings show which IT companies may benefitAccenture is usually seen as a bellwether for the global IT sector, and analysts gauge the prospects for the Indian IT sector based on the ...
- IT majors under pressure from global eco troublesRecent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said...
- IT majors under pressure from global eco troublesRecent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said...
- Global IT's reassurance on client spends a booster for Indian peersCommentary from global peers has continued to be reassuring on client spending all through despite increasing macro volatility and associat...
- Accenture's guidance upgrade hints at strong growth for IT firms in FY23While the BSE Sensex was down over 250 points in early trade on Friday, Infosys, HCL Tech, TCS and Tech Mahindra gained up to 3 per cent an...
- Will IT firms deliver strong growth in Q2? Accenture results offer cuesAnalysts largely expect IT stocks to sustain the current high PE multiples going ahead. They like stocks such as Infosys, HCL Tech and Tech...
- 5 attractive bets in IT largecap and midcap space“The structural benefits will play through even in the margins for the IT companies.”
- Accenture has good news for the whole of ITLast week, Accenture raised its revenue growth forecast to a range of 6.5-8.5% from 6.0-8.0% for the year ahead.
- Q3 earnings of TCS, Infosys, Wipro, HCL Tech, TechM and Wipro: Currency headwinds, buybacks, guidance key monitorablesBrokerage Jefferies expects top tier IT firms to report sequential organic growth of 1.3-3%.
- Don't go by Accenture guidance and get into IT: Santosh Singh, Haitong Securities‘As people get defensive, there may not be much demand for metal stocks today.’
- TCS, Infosys may report reasonable Q2 growth sequentially: Pramod GubbiAccenture has downgraded its guidance, which has raised questions about the demand environment for the IT sector, says Gubbi.
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