IT Services - Powering Ahead: Prabhudas Lilladher
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Prabhudas Lilladher Report
Accenture Plc's excellent performance across revenue, guidance and deal wins indicate sustained strong demand momentum for the IT industry.
strong broadbased revenue growth (up 20.7% YoY, 9.7% QoQ in U.S. dollar terms),
massive upgrade in FY21 revenue growth guidance from 6.5-8.5% to 10-11% and
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.
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