 "Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona")
At a time when the market is betting on a ‘higher for longer’ global interest rate view, Accenture’s (ACN) weak revenue forecast is a negative read-through for the Indian IT firms, according to analysts.
The Dublin-based company sees its revenue growth at 2-5 per cent in constant currency (cc) for the financial year 2024 (FY24), below the pre-Covid levels of 5-8 per cent for FY17-20.
The weak projection, thus, signals that slower demand is likely to persist this year, and any recovery is unlikely in the near-to-medium term, experts note.
“ACN noted that the long-term technology spending trends remain intact,
