Motilal Oswal: Accenture Q4 Review - An Encouraging Outlook, Strong Order Bookings

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Accenture Plc’s Q4 FY20 revenue at 10.8 billion U.S. dollar (mid-point of the company’s guidance of 10.6–11.0 billion U.S. dollar) was largely in line with the consensus estimate of 10.9 billion U.S. dollar.Revenues declined 1% YoY constant currency (including a 2pp impact from reduced travel reimbursements in consulting).Software, Lifesciences, and Public Services continued to do well, reaching the high-single to low-double digits (YoY).On the other hand, Communication and banking, financial services and insurance were largely stable - a positive for Indian IT companies.Health and Public Services (12% YoY, CC) were the biggest growth drivers given the sharp increase in projects such as Covid-19 contact-tracing apps, etc.Notably, the Healthcare vertical for Indian IT players (Tata Consultancy Services Ltd. – 10%, Infosys Ltd. – 7%, Wipro Ltd. – 13%, and HCL Technologies Ltd. – 14%) is not as big as that of Accenture (19% of revenue).Accordingly, we maintain a cautious stance on extrapolating this as a positive for the overall Indian sector..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 brokerage 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.

Motilal Oswal: Accenture Q4 Review - An Encouraging Outlook, Strong Order Bookings

Motilal Oswal: Accenture Q4 Review - An Encouraging Outlook, Strong Order Bookings

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