Accenture Results Bolster Prospects of a Recovery for Indian IT Companies

CIOReviewIndia Team | Friday, 25 September 2020, 08:55 IST

accentureAccording to analysts, Accenture Plc’s aim for returning to the pre-pandemic growth rates could result in single or low double digits in the second half of fiscal 2021. It is being the positive news for the Indian information technology companies when the New York-listed IT company did not align with the estimates in the three months ended in August. Accenture expects two more quarters of low growth, which indicates that the disruption from the COVID-19 pandemic is going to last longer despite the high demand for digital services in the business world.

Accenture’s revenue for the period of September-August fiscal went down by 2 percent and reached $10.84 billion in the fourth quarter as per the records of the company’s financial details.

Accenture’s revenue went down by 8 percent to reach $5.68 billion, and the outsourcing revenue went up by 6 percent and reached $5.15 billion.

However, the market statisticians predict positive growth for Accenture’s guidance and order book.

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