Accenture Q3 suggests Indian IT firms may surprise D-St in Q1 earnings season

NEW DELHI: Accenture Plc’s raising of revenue growth forecast to 10-11 per cent for fiscal 2021 bodes well for domestic IT companies, which analysts said can surprise Street in the forthcoming earnings season. They largely are positive on Infosys NSE 0.96 % and HCL Technologies NSE 0.60 % in the tier 1 IT space.

Accenture, whose performance and revenue guidance is typically seen as a barometer for the performance of Indian technology companies, reported a 21 per cent growth in revenues at $13.26 billion for the quarter ended May 31, beating its own guidance of $12.55 billion-$12.95 billion in revenues.