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Accenture's outsourcing guidance bodes well for big Indian IT cos: Analysts

Analysts underscored that Accenture's August quarter (Q4FY22) results reflected softening of demand for IT services, and thus remain 'cautious' on the sector

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Analysts underscored that Accenture’s June-August quarter results reflected softening of demand for IT services, and thus remain ‘cautious’ on the sector

Nikita Vashisht New Delhi
The July-September quarter of financial year 2022-23 may see large Indian IT companies cornering a bigger chunk of outsourcing deals, if Accenture’s Q4 FY22 results are anything to go by.

Analysts said that the Dublin-based consultancy company’s ‘double-digit’ guidance for outsourcing revenue bodes well for players like Infosys, HCL Tech, and Tata Consultancy Services (TCS).

“Accenture’s strong growth in Q4 of FY22 bodes well for the growth of Indian IT firms in Q2. Healthy order bookings in outsourcing are good at the outset; however, large deals driven by cost takeouts potentially reflect rising caution among clients, and do not bode

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First Published: Sep 23 2022 | 10:58 AM IST

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