Techno-Derivative Outlook

Retail Research

This week, six new SME IPOs are set to open, while three companies will make their market debut, following four listings last week.

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YoY organic growth is expected to decelerate from ~4.5% in 2QFY25 to 0.5% in 4Q. Implies a US$2.6bn annualized organic revenue loss

Asian markets are trading mixed as U.S. economic uncertainties persist. Nikkei is trading positive by 0.42%, while Hang Seng and Shanghai are trading negative by 0.26% and 0.03%, respectively.

Retail Research

Retail Research

End of Day Summary

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...