Accenture’s strong revenue outlook lifts Indian IT stocks
Accenture reported fourth‑quarter revenue of $18.68 billion, a 7 % year‑over‑year increase, and forecast FY27 growth of 3‑6 % in constant‑currency terms. The guidance eased concerns about AI‑driven spending cuts and lifted sentiment toward Indian IT firms. India’s Nifty IT Index rose about 1.6 % on the news, with top gainers Persistent Systems (+3.1 %), Mphasis (+1.1 %), Wipro (+2.1 %) and Tata Consultancy Services (+2.1 %).
Why it matters
The upbeat Accenture outlook is seen as a bellwether for the sector, suggesting healthier demand and better deal conversion for Indian IT companies, which could support their earnings and share performance. Nomura notes the guidance exceeds Street expectations, implying a modest upside for investors in these stocks.
Key facts
- 1Accenture’s 4QFY26 revenue was $18.68 bn, up 7 % YoY in constant‑currency terms. indianexpress.com
- 2Accenture guided FY27 constant‑currency growth of 3‑6 %, above Street expectations of 2‑5 %. indianexpress.com
- 3India’s Nifty IT Index rose roughly 1.6 % on the day. marketscreener.com
- 4Persistent Systems gained 3.1 % in the index. marketscreener.com
- 5Mphasis Limited rose 1.1 % in the index. marketscreener.com
- 6Wipro and Tata Consultancy Services each rose 2.1 % in the index. marketscreener.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.