Accenture - FY22 Guidance Hints At Deceleration In Outsourcing Segment: ICICI Securities

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. .ICICI Securities Report.Accenture Plc.’s overall / outsourcing revenue growth of 1.2% / 1.8% QoQ (U.S. dollar) was in line with guidance / consensus estimates. Healthcare vertical, which has been a key growth driver over previous five quarters (up 5.3% compound quarterly growth rate), witnessed revenue decline for the first time since the Covid-19 onset. This was likely driven by moderation in Covid-19 led spend in areas like contact tracing etc. Over last three years, inorganic contribution in revenue growth guidance was limited to 1.5%-2%. For FY22, the same is higher at 5%, translating into organic growth guidance of 7%-10% (constant currency). Further, management indicated that recovery in consulting segment will be a bigger (overall) growth driver (‘strong double digits’) for next fiscal..Click on the attachment to read the full report: .DISCLAIMERThis 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.

Accenture - FY22 Guidance Hints At Deceleration In Outsourcing Segment: ICICI Securities

Accenture - FY22 Guidance Hints At Deceleration In Outsourcing Segment: ICICI Securities

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