Accenture Q2 Review: How Surprising Is The Surprise? ICICI Securities Analysis

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’s low growth guidance of the previous quarter, made a potential beat and raise more or less inevitable.In that context, February 2021 earnings outcome (overall and for outsourcing) and guidance revision were unsurprising.The upgraded revenue growth guidance (up 5.5% down 7.5% YoY, organic, constant currency, adjusted for reimbursements) is more or less in-line with the conventional guidance of the company, mid-fiscal, despite a weak base (FY20, ending August 2020).Building in a buffer for further upgrades, FY21E growth should be largely similar to pre-Covid-19 levels adjusted for a bit of base shift.While Accenture’s recent strength in outsourcing has often been perceived as the lead indicator for Indian IT by consensus, it needs to be seen whether it is coming at the expense of market share consolidation(?)..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 Q2 Review: How Surprising Is The Surprise? ICICI Securities Analysis

Accenture Q2 Review: How Surprising Is The Surprise? ICICI Securities Analysis

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