India's IT industry is poised for a sustainable earnings recovery after facing challenges, according to analysts, who base their optimistic outlook on the strong first-quarter earnings of global consulting giant Accenture.
For the September-November quarter of financial year 2024-25 (Q1FY25), Accenture reported a revenue of $17.7 billion, reflecting a 9 per cent year-on-year (Y-o-Y) growth in dollar terms and an 8 per cent increase in the local currency.
The company's top line performance exceeded expectations by approximately $240 million, surpassing the higher end of its forecasted range.
Accenture, headquartered in Dublin, and a major player in the global consulting industry, employs over 40 per cent of its workforce in India.
Indian IT companies closely monitor Accenture's performance as a key indicator of global demand trends.
The company follows a September-August financial year.
Accenture raised its FY25 revenue growth guidance to 4-7 per cent from 3-6 per cent earlier.
Denne historien er fra December 21, 2024-utgaven av Business Standard.
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Denne historien er fra December 21, 2024-utgaven av Business Standard.
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