NASDAQ-LISTED IT services major Accenture has raised its annual revenue growth forecast for fiscal 2025 to 4-7% from the earlier projection of 3-6%. The revision is attributed to a reduced negative impact from foreign exchange fluctuations, now expected to be approximately 0.5%, compared with the 1.5% projected earlier.
Accenture's performance and outlook are of particular significance for India, where over 40% of the company's global workforce of nearly 800,000 are based.
The company's results often serve as a bellwether for the Indian IT sector, which looks to Accenture's trends as an indicator of global demand. The American depository receipts (ADRs) of Wipro and Infosys were trading up 2.3% and 3%, respectively, in early trade on the New York Stock Exchange, after the announcement.
Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 20, 2024-Ausgabe von Financial Express Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Trump tariff: Goyal may visit US again this week
Signals deal on levies before Apr 2
Economic activity likely plunged to 27-month low of 4.5% in Jan
AN INDEX ON India's economic activity based on assorted high-frequency indicators (HFIs) decelerated sharply to a 27-month low of 4.5% in January from 5.4% in December 2024.
AI fever sweeps China's political huddle
FOR SOME YEARS now, China's annual gathering of its national legislature has been an increasingly disciplined and choreographed affair—its muted vibes practically an echo of deepening concern about domestic stagnation.
US, Ukraine Hold Jeddah Talks After Major Drone Attack
UKRAINIAN AND US officials met behind closed doors for hours of talks in Saudi Arabia on Tuesday to find a path towards ending the war with Russia, after Kyiv's forces launched their largest drone attack on Moscow of the war overnight.
Action India and US to liberalise bilateral trade, says Prasada
India and the US will focus on increasing market access, reducing tariffs and non-tariff barriers, and enhancing supply chain integration as they embark on negotiations on a Bilateral Trade Agreement (BTA), Parliament was informed on Tuesday.
Streaming smackdown
Will WWE help Netflix widen base?
Goyal May Visit US Again This Week
JAPAN'S YUJI MOTO was in the US recently for last-ditch negotiations on tariffs but was denied any concessions regarding higher duties on Tokyo's exports of automobiles, steel and aluminum.
New Accounting Guidelines From Apr 1 To Improve Forex Guidance
Will help encourage global capital inflows to Indian firms
Maritime security to infra on table, Modi meets new Mauritius leaders
IN A STRATEGIC outreach to the new leadership in Mauritius, Prime Minister Narendra Modi met newly-elected Prime Minister Navin Ramgoolam and President Dharam Gokhool Tuesday as he began a two-day visit to the island nation.
Auto sector wants phased duty cuts
WITH THE US reciprocal tariffs kicking off on April 2, the domestic automotive industry is opening up to zero duty but is insisting on a staggered approach to ease the impact of heightened competition.
