Accenture - Continued Growth, Margin Tailwinds: Motilal Oswal
A sign outside Accenture Ltd. offices. (Photographer: Dennis Brack/ Bloomberg)

Accenture - Continued Growth, Margin Tailwinds: Motilal Oswal

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

We see Accenture’s strong Q1 FY21 performance as a positive for companies under our Indian IT Services coverage.

We present a read-through of key industry trends from the print media and management commentary.

Accenture reported $12.9 billion new bookings during Q1 and expects to have stronger bookings in Q2 FY21.

A large proportion of this is driven by Cloud. Bookings were broad-based across industries.

It invested approximately $3 billion to create suitable assets so that Cloud migration accelerates and would be a major part of the company’s investments going forward.

Click on the attachment to read the full report:

Motilal Oswal Accenture Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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