Accenture's growth outlook augurs well for Indian IT services players

Accenture’s Q1 FY22 results have sent a wave of cheer among analysts, as the company raised its revenue guidance and said it expects double-digit growth in outsourcing, up from single digit to low double-digit growth expected earlier.

Accenture’s financial year ends on August 31.

The company raised its revenue outlook for FY22 to 19-22 per cent in local currency, up from 12-15 per cent earlier. The company stated that technology continues to be the single biggest driver of change, accelerating, disrupting, and creating new opportunities.

The company’s management expects the current demand environment will sustain for many years as just