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Accenture revenue growth guidance to spur IT spending environment in US

Analysts say broad-based growth acceleration is a positive for all Indian infotech companies

Accenture revenue growth guidance to spur IT spending environment in US
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Ram Prasad Sahu
An increase in revenue growth guidance for the third consecutive quarter by Accenture signals an improvement in the IT spending environment in the US and is a positive for the Indian IT sector.
 
Accenture, which reported an 11 per cent year-on-year revenue growth on a constant currency basis for the third quarter ended May (year ending in August), is poised for a revenue growth of 9.5-10 per cent for FY18.
 
A year ago, the company had eyed 5-8 per cent growth and revised it thrice, the last being at the end of the February.  Analysts say broad-based growth