What Accenture's Q4 Result Means For Indian IT Companies — Read Motilal Oswal's Report

Indian IT currently faces multiple headwinds- a muted demand environment, deflation from GenAI (or otherwise)-led productivity gain, potential limitations to onsite scope expansion in FY27E revenue from an unpredictable H1B program..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..Motilal Oswal Report.Accenture Plc. reported organic YoY constant currency revenue growth of 1.5% in Q4 FY25, beating consensus estimates and coming in near the top end of its quarterly guidance. For FY26 (August ending), Accenture has guided for organic YoY cc revenue growth of 0.5-3.5% (1.5-4.5% excluding US Fed business impact). While this is a tad better than last year's starting point (0-3%), the commentary around demand remained stubbornly non-committal – the upper end assumes zero recovery in macros, whereas the lower end allows for further deterioration. Among verticals, financial services again carried most of the growth. Public Service faced headwinds due to Federal budget constraints. Geographically, Americas grew 5% cc (8% excluding Federal), led by banking and industrials. EMEA region was up 3% cc..Read-through for Indian IT: We believe Indian IT services’ revenue and commentary might mirror the stasis seen in Accenture, and expect Q2 FY26 to largely be muted (adjusting for some seasonal gains). Indian IT currently faces multiple headwinds:a muted demand environment,deflation from GenAI (or otherwise)-led productivity gain,potential limitations to onsite scope expansion in FY27E revenue from an unpredictable H1B program..Click on the attachment to read the full report:.Stay 'Neutral' On RR Kabel Shares Maintains Motilal Oswal — Check Target Price.DISCLAIMERThis 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.

What Accenture's Q4 Result Means For Indian IT Companies — Read Motilal Oswal's Report

Muted demand expected in Indian IT services, mirroring Accenture’s FY26 outlook, adds Motilal Oswal.

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