Strong demand for large-scale projects in cloud migration, artificial intelligence-led digital transformation and data security has helped companies such as Accenture
Indian IT players are expected to benefit significantly from renewed demand, further strengthening India's position as a critical player in the industry
US-listed peer Accenture Plc raising its revenue outlook last month showed greater deal flow from widespread generative-artificial intelligence adoption
Stock Market Today: The Nifty IT index, eventually, settled 2.6 per cent lower on the National Stock Exchange (NSE) at 44,954 level. By comparison, the Nifty50 index ended 1.5 per cent down at 23,587
The company's new bookings rose to $18.7 billion for the first quarter from $18.4 billion a year earlier
The collective bargaining agreement between Accenture and the Alphabet Workers Union covers about 25 workers including writers and design analysts
In August this year, Accenture announced the elevation of Arundhati Chakraborty as group chief executive of Accenture Operations
Accenture share price: While a strong recovery in discretionary demand may take a few quarters, it is unlikely to worsen further, analysts said after Q4 results
Share market today: S&P 500 ended at a record closing high overnight, while Dow Jones and Nasdaq Composite finished with gains
The Dublin-based company reported fourth-quarter revenue of $16.41 billion, compared with analysts expectations of $16.38 billion, according to LSEG data
"We are hiring primarily in India," says Julie Sweet
Yusuf Tayob, who will leave the role as group chief executive of Operations to become the global Communications, Media, and Technology (CMT) industry practices chair at Accenture
The Competition Commission of India on Wednesday cleared IT and consulting firm Accenture's acquisition of a stake in Vodafone Shared Operations. Vodafone Shared Operations Ltd (VSOL) is engaged in the provision of shared services to the Vodafone Group and its network of partner telecommunications companies. VSOL is a part of Vodafone Group Plc. "CCI approves the proposed combination involving the acquisition of shares of Vodafone Shared Operations by Accenture," the regulator said in a post on X. In November last year, Vodafone Group Plc announced a strategic partnership with Accenture to commercialise Vodafone's shared operations. Further, the Dublin-based IT firm also said that it will invest 150 million euros for a minority stake in the partnership. The new unit will utilise Accenture's world-class technology and transformation services, such as its digital solutions and platforms, and deep AI expertise. In another post on X, the competition watchdog also approved the acquisi
The research also revealed around 31% of working hours in India will be automated
The firm has presence in India and adds capabilities in silicon design and engineering
The investment signifies that the company is making to build semiconductor capabilities
What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels
As of 6:39 AM, GIFT Nifty futures showed a slight increase, trading 7 points higher at 23,589.5 from their previous close
New bookings for Q3FY24 reached $21.06 billion, a 22 per cent increase Y-o-Y
Sandeep Dutta, Senior Managing Director and Lead - India Business, Accenture, talks about the challenges faced by clients and how technologies like GenAI can help them stay ahead