Software & Services
Software & Services
SECTOR | 24 Sep 2021
Prabhudas Lilladhar
ACN result highlights strength in demand for core, experience & digital transformation services. Read-through is positive for Indian IT companies. ACN reported strong numbers on all fronts in Q4FY21 1) Strong broadbased revenue growth (+23.8% YoY in USD terms), 2) double digit revenue growth guidance of 12-15% in FY22 and 3) Hiring was at all-time high levelsadded headcount of 55,541. Attrition spiked to 19% from 17%. Strong demand momentum in consulting continued with order book at record high of $8bn (+23.8% YoY) for three consecutive quarters with book-to-bill at 1.1x indicate continued recovery in discretionary spends. Outsourcing bookings of $7.1 Bn (book-to-bill at 1.23x) declined by 5.6% YoY but were still above pre-covid...
IDBI Capital released a Sector Update report for Software & Services on 20 May, 2025.
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