Accenture Q4 earnings lift Indian IT ADRs
Accenture reported fourth‑quarter revenue that beat estimates and forecast 3‑6% revenue growth for fiscal 2027. The strong results sparked a rally in Indian IT American Depository Receipts, with Infosys and Wipro ADRs rising sharply in U.S. trading. The upbeat outlook also coincided with a drop in expectations for a Federal Reserve rate hike, further supporting technology stocks.
Why it matters
The rally gave short‑term price upside to investors holding Infosys, Wipro and Cognizant ADRs, as noted by the materials reporting the gains after Accenture's results. A lower probability of a Fed rate hike may also sustain the broader tech‑stock rally, according to CME FedWatch data cited in the report.
Key facts
- 1Accenture's fourth‑quarter GAAP operating margin was 15.3%. cnbctv18.com
- 2Accenture's fourth‑quarter GAAP diluted EPS was $3.29. cnbctv18.com
- 3Accenture expects revenue to grow 3‑6% in local currency in fiscal 2027. cnbctv18.com
- 4CME FedWatch data showed a 26% probability of a 25‑basis‑point Fed rate hike at the October 28 meeting. fortuneindia.com
- 5Accenture shares rose 16.17% in pre‑market trading after the earnings announcement. cnbctv18.com
Open questions
- Accenture Q4 revenue reported as $18.7 billion (material 1) versus $18.68 billion (material 2).
- Infosys ADR performance: 8.44% to $11.63 (material 1) versus 4.1% to $1,035 (material 2).
- Wipro ADR performance: 7.55% to $1.78 (material 1) versus 0.5% to $159.35 (material 2).
- Accenture Q4 bookings: $22.2 billion (material 1) versus $22.17 billion (material 2).
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.