BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Accenture Plc reported strong revenue in Q1 FY22 and upgraded its annual guidance by a massive 700 basis points as it continues to gain from demand for Cloud transformation.
Its commentary on broad based demand (by region/verticals/deal size) and record high bookings ($16.8 billion) should be seen as an indication of the stickiness in the demand environment for IT Services.
We view its organic revenue growth guidance (14-17% in constant currency) as strong, especially given Accenture's penchant of raising its guidance over the year.
Moreover, the 200 bps reduction in attrition in Q1 FY22 supports our view that attrition risk is receding.
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