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Accenture Q3 results: Demand slowdown in Indian IT bottoming, say analysts

What Accenture results mean for Indian IT: Analysts believe FY25 Street estimates for Indian IT companies have been adequately rationalised, implying little downgrade risk from current levels

it sector job,talent poaching

As India’s economy experiences a surge in growth, the industry is facing a shortage of skilled professionals.

Nikita Vashisht New Delhi
Takeaways for Indian IT stocks and Accenture Q3 results: Demand weakness may be bottoming out for the Indian information technology (IT) companies, analysts said on Friday.

The optimism stems from Dublin-based Accenture's third quarter results for financial year 2023-24 (Q3FY24), which, analysts noted, showed green shoots of recovery.

Accenture follows the September to August financial year.

According to analysts, two key takeaways from Accenture's commentary stand out for Indian IT. First, consulting to return to growth in Q4; and second, bookings-to-revenue

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First Published: Jun 21 2024 | 10:42 AM IST

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