IT Services - Powering Ahead: Prabhudas Lilladher
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IT Services - Powering Ahead: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

Accenture Plc's excellent performance across revenue, guidance and deal wins indicate sustained strong demand momentum for the IT industry.

  1. strong broadbased revenue growth (up 20.7% YoY, 9.7% QoQ in U.S. dollar terms),

  2. massive upgrade in FY21 revenue growth guidance from 6.5-8.5% to 10-11% and

  3. strong deal wins (up 39.6% YoY) with 20 deals above $100 million total contract value indicate sustained strong broad-based demand momentum for the IT industry.

Strong demand momentum in consulting with order book at record high of $8 billion (up 29.2% YoY) for two consecutive quarters with book-to-bill at 1.1 times indicate continued recovery in discretionary spends.

Click on the attachment to read the full report:

Prabhudas Lilladher IT Services Update.pdf

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