Moneycontrol PRO
you are here: HomeNewsOpinion

Accenture’s results show big IT companies can weather pay hikes for now

Accenture raised its operating profit margin guidance for the current fiscal and exuded confidence in meeting increased demand for people

March 22, 2021 / 09:35 AM IST
Accenture’s results show big IT companies can weather pay hikes for now

In a people-centric business such as IT services, salary hikes and the addition of a large number of employees in quick succession generally stokes cost pressures. But major IT firms are not voicing such concerns yet. In fact global IT services major Accenture plc improved its operating profit margins in the quarter ending February 2021, despite the company adding a record number of employees at the net level. Importantly, the company raised its operating profit margin guidance for the current fiscal year and was confident of meeting the increased demand for people. “Accenture upping the full-year guidance to 15-15.1...

  • PRO Panorama

    Moneycontrol Pro Panorama | Sensex gets a global crown

    Nov 25, 2022 / 03:17 PM IST

    In today’s edition of Moneycontrol Pro Panorama: Green energy stocks fail to impress investors, online gaming under pressure, sluggish phase in equities expected, and more

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers