Accenture's commentary suggests rising macro uncertainty, particularly due to tariffs, though the company maintains a positive outlook for its FY25E guidance. While no sector specific concerns were highlighted, we expect a caution approach in the FY26 outlook from Indian IT Services in the April earnings season.
NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Accenture reported 8.5% YoY growth in constant currency terms, in-line with the guided growth range of 5% to +9%; outsourcing/consulting was up 11%/6% YoY in CC.
The lower band of revenue guidance has increased by 100bps, setting the organic growth band at 2% to 4% (up from the previous at 1% to 4%), along with ~ 300 bps inorganic contribution. The operating profit margin is expected to be between 15.6% to 15.7% (upper end lowered from 15.8%).
View: Accenture's commentary suggests rising macro uncertainty, particularly due to tariffs, though the company maintains a positive outlook for its FY25E guidance. While no sector specific concerns were highlighted, we expect a caution approach in the FY26 outlook from Indian IT Services in the April earnings season.
Consequently, we maintain our relative preference for LTIMindtree/KPIT/eClerx.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
