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  • Sector alert | Technology: In a different league

    Publish date: 29th June, 2018

    Accenture impressed with constant-currency revenue growth of 11% in May 2018 (3QFY18) quarter. The company also raised FY2018E revenue growth guidance to 9.5-10% from 7-9% earlier. Accenture’s early participation in digital led by a comprehensive portfolio of offerings across verticals and geos is reaping rich dividends. Accenture results demonstrate that the spending environment is robust but requires an optimum portfolio mix and capabilities to capitalize on it. From IT companies’ perspective, the progress made by TCS is impressive but other IT companies can do more to make the most of solid enterprise IT spends.


    • Accenture reports 11% c/c revenue growth in 3QFY18
    • Raises FY2018 (August year-end) revenue guidance to 9.5-10% from 7-9% earlier
    • Accenture results demonstrate that spending environment is robust
    • Read-through - a matter of convenience


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