Software & Services
Software & Services
SECTOR | 21 Mar 2025
Prabhudas Lilladhar
Accenture's (ACN: NYSE) quarterly performance exceeded the consensus estimates and reported at the top-end of the guidance. However, the outsourcing bookings were disappointing (down 6% YoY), which is again coming at the back of weak bookings reported in Q1 (down 4% YoY), partly risking the odds of achieving organic growth in H2. For the Indian IT Service context, the revenue growth was already a challenge, which might get intensified with muted bookings and delayed deal closures. We believe the weakness in consumer sentiment and inflationary tariffs are yet to get fully...
Prabhudas Lilladhar released a Sector Update report for Software & Services on 23 Jun, 2025.
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