Accenture

Analysts expect another subdued quarter for IT services companies as macroeconomic uncertainty, delayed deal conversions and AI-led pricing pressures weigh on growth and margins

The IT services firm has leased office space across five floors at Phoenix Millennium Towers in Wakad, with a total rental commitment estimated at around Rs 355.4 crore over the lease tenure

The company has also deposited Rs 29.5 crore as security, with the lease including a 4.25 per cent rent escalation every year

Sensex Today | Stock Market Highlights, Friday: Reliance Industries share price settled 1.2 per cent lower at ₹1,312 after Chairman Mukesh Ambani announced Jio Platforms' IPO papers were being filed

Indian IT stocks fell on Friday as Accenture narrowed its annual revenue growth forecast and issued weaker-than-expected fourth-quarter guidance, despite steady quarterly earnings.

Accenture, an IT services and consulting company with a significant workforce in India, on Thursday reported a net income of USD 2.39 billion in the March-May quarter, up from USD 2.24 billion in the year-ago period. Accenture follows a September-August financial year, making March-May the third quarter of FY26. The Dublin, Ireland-headquartered firm reported a revenue of USD 18.7 billion in the quarter ended May. It had reported a revenue of USD 17.7 billion in the same period of the previous fiscal year. The firm recorded new bookings totalling USD 19.3 billion during the quarter under review, as compared to USD 19.7 billion in Q3 FY25. "Demand for large-scale reinvention remains strong -- 104 quarterly client bookings of USD 100 million or more year-to-date, up 13 per cent -- and we are seeing more large-scale AI transformation programmes while executing our strategy to capture new areas of growth," Accenture Chair and CEO Julie Sweet said.

IT major Infosys has emerged as the top company for career growth in India, followed by Accenture and Amazon, according to LinkedIn's '2026 Top Companies' list released on Tuesday. The 10th edition of the annual list, which features 25 large companies, is dominated by technology powerhouses, global consulting firms, and financial giants. JPMorgan Chase and SAP secured the fourth and fifth positions, respectively. The 2026 list witnessed ten new entrants. Notable new additions include tech firms such as SAP, NVIDIA, HP, Microsoft, Sandisk, Marvell Technology, and Thomson Reuters. Geographically, Bengaluru continues to lead as the prominent talent hub for these top companies. Hyderabad follows closely, while Delhi, Mumbai, and Chennai remain key hiring centres for large corporations. The report highlighted a shifting focus in hiring trends, noting that companies are increasingly looking for professionals who can blend technical fluency with human skills-such as communication and ...

Acquisitions of fast-growing firms and AI-focused assets will account for roughly $5 billion in spending this year, Accenture CEO Julie Sweet said

Accenture sees AI-led deal momentum, but analysts remain cautious on Indian IT stocks amid weak demand, macro risks, and uncertain growth outlook

Accenture has announced a new leadership team for its Reinvention Services division led by Manish Sharma as the company reorganises services to deliver AI-driven solutions

The shift of Estee Lauder's $500-million contract to Accenture marks a setback for Wipro as CEO Srini Palia pushes large efficiency-led deals amid renewed focus on discretionary spending

From Palo Alto Networks to Accenture, companies are tying AI usage to evaluations and promotions as rising investments in AI tools drive pressure for measurable productivity gains

CEO Julie said the company recognises the importance of India in its AI-enabled future. At Accenture, we're incredibly proud to have over 350,000 and growing re-inventors here in India, she said

Nearly 90% of Indian business leaders plan to raise AI investments in 2026, though talent shortages continue to limit the ability to fully realise value, Accenture finds

Nomura said it prefers Infosys and Cognizant among large-cap IT services firms, Coforge in mid-caps and eClerx in small-caps.

Biopharmaceutical firm Bristol Myers Squibb (BMS) and IT services company Accenture on Wednesday announced the opening of a new AI-powered content hub, Mosaic, in Mumbai. The generative AI-enabled facility is designed to accelerate BMS's global commercialisation strategy through enhanced digital capabilities, enabling the rapid creation of hyper-personalised, patient-centric content tailored for healthcare professionals, according to a joint statement. The launch of Mosaic is a key component of BMS's ongoing USD 130 million strategic investment aimed at advancing its portfolio of AI initiatives and AI-enabled marketing capabilities. Mosaic will utilise enhanced digital capabilities, including generative AI, to identify physicians' needs in real-time, allowing BMS to quickly and effectively develop targeted communications. To date, the Mosaic content hub has been successfully piloted across three US brands (Reblozyl, Camzyos, and Cobenfy) with plans to onboard additional brands and

Both companies said the partnership would combine their technical strengths to help organisations move beyond AI pilots and embed advanced, responsible AI across daily operations

Accenture's 2-5 per cent growth guidance despite strong bookings highlights subdued IT demand, hitting Indian IT stocks already under pressure from tariffs and visa fees

Accenture Q4FY25 results near top of guidance, but analysts remain cautious on Indian IT stocks amid macro uncertainty, weak discretionary spending, and H-1B risks

The Dublin-based company expects about $250 million in charges in the November quarter, on top of $615 million recorded in the fourth quarter, for a total of $865 million