Accenture Q3 Review - Improved Visibility On Double-Digit Growth In FY23 For Indian Players: Nirmal Bang
A sign outside Accenture Ltd. offices. (Photographer: Dennis Brack/ Bloomberg)

Accenture Q3 Review - Improved Visibility On Double-Digit Growth In FY23 For Indian Players: Nirmal Bang

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.

Nirmal Bang Report

Accenture Plc.’s Q3 FY21 (August year-end) revenue at $13.3 billion ($300 million above the top end of the guided range) increased by 16% YoY in local currency terms and 21% YoY in U.S. dollar terms.

It represents ~10% QoQ growth in U.S. dollar terms and is reflective of faster conversion of order book to revenue of many of its projects.

More importantly, the company raised its FY21 revenue growth guidance from 6.5-8.5% a quarter back to 10-11% in local currency terms (was 4-6% six months back and 2-5% when FY21 began).

This 10-11% number includes 250 basis points inorganic contribution.

Click on the attachment to read the full report:

Nirmal Bang Accenture-Q3FY21 Result Update-25 June 2021.pdf

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