Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT

The better-than-expected performance in the outsourcing business has indicated the recovery of revenue growth for Indian IT firms too, and may happen sooner than expected

Even as Accenture’s fourth-quarter earnings missed estimates, and the company expects lower growth in the first half of FY21, some of its metrics like order bookings and growth in outsourcing business are seen as positives for Indian IT services companies. The NYSE-listed company follows September to August financial accounting year.
 
Accenture’s overall revenue in the June-August period fell 2 per cent to $10.84 billion, compared to the same period last year, primarily owing to its lacklustre performance in the consulting segment, which fell 8 per cent quarter-on-quarter (QoQ). Outsourcing revenue, however, rose 6 per cent to $5.15 billion. The