Order bookings at Accenture exceeded $20 billion for the third consecutive quarter
Accenture is using acquisitions to quickly scale-up in new growth areas
Accenture’s latest results have sent Indian IT stocks into a tailspin, but the real concern lies deeper than just weak outsourcing numbers. The sector’s inability to engage meaningfully with Generative AI poses a far bigger challenge.
Order inflows at TCS declined in last two quarters while Accenture reported strong growth in bookings
Accenture’s revenue growth decelerated despite steady order inflows
Infosys, TCS, HCL have won several large projects in Q2 with total revenue potential of more than $1 billion
Despite a fall in spending by clients, the group looks better placed than many of its rivals