Accenture's muted guidance throws light on challenges for Indian IT sector

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’s guidance of 2-5 per cent growth for its next financial year indicates that the IT demand environment continues to remain subdued in the face of tariffs and macroeconomic uncertainties and there is still a long road before some signs of light at the end of the tunnel.

 

What makes it all the more concerning is it comes against the backdrop of the world’s largest IT services company reporting a 7 per cent growth in its fourth quarter ended August 31 and for the full year. The fact that it still projects muted revenue growth should ring alarm bells for