Growth was broad-based but led by the healthcare and public services vertical where Accenture has higher exposure than tier-I Indian peers. Consulting business revenue rose 6% year-on-year in CC terms.
Managed services (outsourcing)—where Accenture competes with tier-I IT companies—saw growth improve to 11%. Strong Q1 pushed Accenture, which follows a September-August fiscal, to raise its FY25 CC revenue growth guidance to 4-7% from 3-6% earlier.
Accenture's result is seen as an indicator for the performance of tier-I Indian IT firms. But despite its positives, investors' sentiment was muted. On Friday, the Nifty IT index was down 2.63%.
This story is from the December 23, 2024 edition of Mint New Delhi.
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This story is from the December 23, 2024 edition of Mint New Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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