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