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.
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