ACCENTURE

How will Indian IT companies perform going ahead? Sandip Agarwal answers

​I think we are maybe one or two quarter away from it flowing down to even outsourcing. But because markets are forward looking, you can see a big run up even in the Indian IT services much before the actual numbers come.

Tech heavyweights drive Sensex over 150 points higher, Nifty above 23,600

Indian benchmark equity indices opened higher led by information technology stocks after U.S. IT firm Accenture forecasted annual revenue growth above expectations.

Is it a case of ‘no bad news is good news’ for IT companies now? Rahul Jain answers

Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.

Accenture narrows its revenue guidance to 1.5-2.5% in FY24

Accenture's strong financial performance, driven by AI adoption, generative technologies, and strong revenue growth, positions it as a key player in the IT services sector.

Accenture forecasts 2024 revenue growth above estimates

Accenture, a provider of IT services, forecasted annual revenue growth significantly exceeding expectations on Thursday. This optimistic outlook stems from increased adoption of artificial intelligence, which is compensating for subdued growth in enterprise spending.

Information overload causing decision stress to consumers, gen AI suggested to improve the shopping experience: Accenture report

88% of consumers abandoned purchases in the last three months of 2023, facing challenges in decision-making due to information overload and advertising bombardment, as per Accenture's latest research report.

Unpacking K Krithivasan's first year as TCS CEO

TCS CEO K Krithivasan completed a year in office this month. His term was marked by an unprecedented slowdown in tech demand. The veteran, however, has brought growth and stability for the bellwether. Under his leadership, TCS reached $29.1 billion in annual revenues in the year ending this March, growing at 4.1%.

Accenture inks three-year sponsorship deal with MI New York

Accenture has partnered with MI New York, the Major League Cricket Champions, to enhance performance on and off the field using digital services and consulting expertise. The partnership includes displaying the Accenture logo on MI New York jerseys.

GIC, Xander buy Allianz-Shapoorji Pallonji JV’s Hyderabad IT SEZ WaveRock for Rs 2,200 cr

In May 2023, ET first reported that global insurance and asset management major Allianz Group and Shapoorji Pallonji Group were looking to exit the IT Special Economic Zone (SEZ) property and that GIC had emerged as the frontrunner to acquire the 2.4-million-sq-ft asset.

InCred Capital appoints Julius Baer India’s Vikram Agarwal as chief operating officer

InCred Capital appointed Vikram Agarwal as its COO, who brings extensive experience from Julius Baer India to lead various functions at the Mumbai-based company.

Small cities home to big dream jobs: Hiring scene in tier 2, 3 cities gets busy

Job opportunities are growing across sectors in tier 2 and 3 cities, and professionals are eager to join, recruiters and firms said. Escalating living costs and infrastructural challenges in metros are prompting executives to move to smaller cities. Companies, on their part, are drawn by cheaper land costs, lower salaries and easy talent availability, besides rising disposable incomes in these cities.

MSDE firms up strategy for trainers’ development; proposes blending of digital and classroom learning

The strategy, developed by the Future Right Skills Network (FRSN), lays out a blueprint to improve the efficiency of existing trainers through recognition, performance evaluation, motivation, and up-skilling and will be validated in different Indian states.

Amazon to invest $1.3 billion in France, create 3,000 jobs

Amazon's 1.2 billion euros investment in France to create 3,000 jobs, enhance cloud infrastructure for GenAI, support AI startups, and research centers. Plans to expand logistics network for faster, eco-friendly delivery.

IT stocks' valuation palatable, says Kotak Equities. Check top 4 picks

Infosys, TCS and HCL Tech remain top picks of brokerage firm Kotak Institutional Equities followed by Cyient in the mid-tier segment amid an extended outlook for weak demand and macro uncertainty in the IT sector.

India Inc helping more wonder women get C-suite superpowers

At Accenture, 29% of the leaders in India are women. Diageo India has 30% women in senior leadership. In the last few years, Marico's efforts have pushed women into close to 30% of leadership roles. PepsiCo is looking at 40% women in the India leadership team by next year. Larsen & Toubro handpicked 495 women employees to undergo leadership development programmes in the last few years.

Accenture introduces adoption-assistance programme for India employees

Accenture in India has launched a program to support employees choosing to adopt a child, providing financial assistance for adoption-related expenses, with each employee eligible for this benefit for up to two adoptions. Lakshmi C, managing director and lead - human resources at Accenture in India, emphasized the initiative's aim to bolster existing policies for supporting parenthood.

Best companies in India to work for: TCS, Accenture, Cognizant in top 3

Tech firms TCS, Accenture, Cognizant lead LinkedIn's top large companies list

LinkedIn's 2024 Top Companies list in India features Tata Consultancy Services, Accenture, Cognizant, and others. Insights include in-demand skills like investor relations, capital markets, and job opportunities in diverse industries across locations like Bengaluru and Hyderabad.

Technology based mutual funds lose 4% in March. What should investors do?

Technology funds have lost around 3.96% in one month, an analysis of performance by ETMutualFunds showed. There were around seven active schemes in the category during the said horizon.

Accenture, Adobe join forces to develop personalised gen-AI solutions

Accenture said it will integrate Adobe Firefly Custom Models into the marketing services offered by Accenture Song, the company's digital creative services, providing organisations with industry-specific information necessary to train models on their proprietary data and brand guidelines.

Accenture's revenue outlook cut sends IT stocks crashing

Investors reduced IT shares post Accenture's lowered revenue guidance, impacting Nifty IT, TCS, Infosys, Cyient, Mastek, LatentView, LTI Mindtree, Wipro, HCL Technologies. Cautious sentiment lingers with modest prospects till 2024.

HCL Tech, TCS, Infosys, other IT stocks drop up to 5%. Blame it on Accenture

IT giants' shares drop as Accenture reduces FY24 revenue forecast, impacting Nifty IT index. Global peer's muted guidance affects market view. Analysts expect varied performance in FY25. Despite challenges, positive outlook for Indian IT sector growth prevails.

ADRs of Wipro, Infosys slump as Accenture cuts guidance on clouded outlook

The IT industry has been grappling with sluggish demand for software and consulting services as high interest rates discouraged enterprises from discretionary spending.