IT swings between hope & despair
Mint Kolkata|December 23, 2024
Global IT giant Accenture's Q1FY25 results surprised with constant currency (CC) revenue growth of 8% year-on-year, beating its 2-6% guidance.
Harsha Jethmalani

Growth was broad-based but led by the healthcare and public services vertical where Accenture has higher exposure than tier-I Indian peers. Consulting business revenue rose 6% year-on-year in CC terms. Managed services (outsourcing), where Accenture competes with tier-I IT companies, saw growth improve to 11%. Strong Q1 pushed Accenture, which follows a September-August fiscal, to raise its FY25 CC revenue growth guidance to 4-7% from 3-6% earlier.

This story is from the December 23, 2024 edition of Mint Kolkata.

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This story is from the December 23, 2024 edition of Mint Kolkata.

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