Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement on 7.8% constant currency means Accenture, which reported $34.8 billion in revenue last year, will see 10.4% growth to end with $38.48 billion revenue. Based on these growth projections, Accenture will add $3.63 billion in incremental business in this fiscal as against $3.81 billion in new business by TCS, Cognizant, Infosys and Wipro put together. At the heart of Accenture’s better performance is the strong consulting practice and aggressive investments in new technology areas like cloud computing, data analytics and design capabilities, clubbed as digital technologies: Last year, Accenture spent $1.7 billion to buy 37 companies, considerably more than the $1.58 billion spent by TCS, Infosys and Wipro together since 1 April 2014.

Business Growth Accenture Infosys Wipro Billion Revenue Tcs Cognizant  companies  tcs  cognizant  outpace  wipro  201718  poised  billion  revenue  business  growth  infosys  accenture

History of this topic

Accenture revenue forecast hits IT stocks, Infosys, Wipro fall
1 week, 5 days ago

Accenture revenue forecast hits IT stocks, Infosys, Wipro fall

India Today  

Information Technology stocks tumbled in early trade on Friday after global IT giant Accenture reported its second quarter results for the financial year 2025-26. Accenture, which is seen as a key indicator for the Indian IT sector, raised the lower end of its annual revenue forecast but kept the upper end unchanged. Shares of Accenture also ended over 7% lower …

IT sector swings between hope and despair
3 months, 1 week ago

IT sector swings between hope and despair

Live Mint  

Global IT giant Accenture’s Q1FY25 results surprised positively with constant currency revenue growth of 8% year-on-year, beating its 2-6% guidance. Growth was broad-based but led by the healthcare and public services vertical where Accenture has relatively higher exposure than tier-I Indian peers. “Accenture’s improving deal total contract value share indicates its growth, especially in Managed Services, might be coming at …

Infosys, TCS, Wipro to HCL Tech: IT stocks rise after strong Accenture earnings
3 months, 1 week ago

Infosys, TCS, Wipro to HCL Tech: IT stocks rise after strong Accenture earnings

Live Mint  

Stock Market Today: Infosys, Tata Consultancy Services, HCL Technologies, Wipro and other IT stocks climbed up to 1 per cent in early trade on Friday, December 20 after a strong performance by Accenture in the first quarter added to investor confidence. Accenture's Q1 revenue of $17.7 billion grew 8% year-on-year in constant currency terms and was above the guided range …

Infosys, Wipro ADRs surge over 3% on NYSE after Accenture Q1 earnings beat Wall Street estimates
3 months, 1 week ago

Infosys, Wipro ADRs surge over 3% on NYSE after Accenture Q1 earnings beat Wall Street estimates

Live Mint  

Infosys, Wipro ADRs Today: American Depository Receipt shares of India's leading information technology service providers Infosys and Wipro witnessed a sharp rise on the New York Stock Exchange after global IT major Accenture's first-quarter earnings beat Wall Street estimates across most metrics. On Thursday, Infosys's ADR surged 3.58 per cent to $23.46 on the American stock exchange, while Wipro's ADR …

Accenture posts full-year fiscal 2024 revenue of USD 64.9 billion
6 months, 1 week ago

Accenture posts full-year fiscal 2024 revenue of USD 64.9 billion

New Indian Express  

BENGALURU: IT services firm Accenture, which announced a USD 4 billion share buyback, has posted fourth-quarter revenues of USD 16.4 billion, an increase of 3 per cent. Its full-year fiscal 2024 revenues stood at USD 64.9 billion. The company's new bookings for the fourth quarter stood at USD 20.1 billion and USD 81.2 billion for the full year, a 13 …

Accenture forecasts Q2 revenue below estimates on muted IT spending
1 year, 3 months ago

Accenture forecasts Q2 revenue below estimates on muted IT spending

Live Mint  

IT services provider Accenture forecast second-quarter revenue below Wall Street targets on Tuesday, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang. Accenture's revenue from the communications, media & technology industry group fell 10% in the first quarter, while sales from North America, the company's biggest market, fell 1%, to $7.56 billion. Tata Consultancy Services, India’s No.1 IT …

Coforge, Cyient outliers amid weak quarter for tech services
1 year, 5 months ago

Coforge, Cyient outliers amid weak quarter for tech services

Live Mint  

Mid-cap information technology service providers, Cofo-rge and Cyient Group, proved outliers in their September quarter earnings filed at the BSE on Thursday. While bellwether large-caps, as well as mid-cap firms such as Larsen & Toubro Technology Services, Persistent Systems and Zensar Technologies, largely offered bleak September quarter figures and cautious commentary for the rest of this fiscal, both Coforge and …

Accenture results leave IT investors between hope and despair
1 year, 6 months ago

Accenture results leave IT investors between hope and despair

Live Mint  

Accenture’s revenue for the quarter ending August, deal bookings and FY24 revenue growth guidance point to a long recovery path for the Indian information technology sector. Secondly, this also means that large deal ramp ups could take longer, further weighing on the sector’s FY25 revenue growth trajectory—an incremental negative. Accenture’s FY24 revenue growth guidance of 2-5% was modest considering that …

IT stocks fall after Accenture cuts earnings growth guidance
1 year, 9 months ago

IT stocks fall after Accenture cuts earnings growth guidance

Live Mint  

Shares of all major Indian Information Technology services companies declined on Friday after US tech giant Accenture cut its revenue guidance for the fourth quarter, raising concerns over earnings of Indian software companies. Domestic brokerage firm Motilal Oswal expects a negative near-term impact of Accenture’s earnings commentary on Indian tech companies. “The overhang on the small deal extension and execution …

Accenture’s layoffs signal tough times for India’s IT giants
2 years ago

Accenture’s layoffs signal tough times for India’s IT giants

Live Mint  

IT consulting giant Accenture shocked the industry by announcing plans to trim its workforce by 19,000 over the next 18 months. Wipro reduced its headcount by a net 435 employees in Q3, FY23 after a low net addition of 605 employees in Q2. HCL Tech added a net 2,945 employees in Q3, taking its total headcount to about 220,000. Most …

Accenture is firing 19000 employees: 5 things the IT company said while announcing layoffs
2 years ago

Accenture is firing 19000 employees: 5 things the IT company said while announcing layoffs

India Today  

Accenture, the Dublin-based tech company that specialises in offering software solutions to enterprise customers, is planning to lay off over 19,000 employees globally due to uncertain macroeconomic conditions. Although the layoff impacts 2.5 per cent of the company's global employees, the number is significantly large compared to layoffs at other tech companies, like Google, Twitter, and Microsoft. The filing shows …

Accenture to cut 2.5% of workforce; lay off 19,000 employees
2 years ago

Accenture to cut 2.5% of workforce; lay off 19,000 employees

Hindustan Times  

Accenture Plc on Thursday lowered its annual revenue and profit forecasts and said it would cut about 2.5% of workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. Accenture now expects annual revenue growth to be between 8% and 10% compared to the previous projection of 8% to 11% …

Infosys set to pip Cognizant to become 2nd-largest IT services firm
2 years, 1 month ago

Infosys set to pip Cognizant to become 2nd-largest IT services firm

Live Mint  

Cognizant Technology Solutions Corp. saw its revenue slip sequentially in the October-December period and forecast business to fall further in the January-March period, helping Infosys Ltd race past the Nasdaq-listed technology firm to become the second-largest homegrown IT services firm. Infosys, which posted $4.66 billion in revenue in the October-December period, expects to grow between 16% and 16.5% in constant …

IT investors find little comfort in Accenture results
2 years, 3 months ago

IT investors find little comfort in Accenture results

Live Mint  

Recently, HCL Technologies Ltd had said that it expects FY23 revenue growth to be at the lower end of the guidance of 13.5-14.5% in constant currency terms. Amid looming worries on demand slowdown, investors in Indian information technology services companies’ stocks looking for meaningful clues from Accenture Plc’s Q1FY23 results are in for some disappointment. View Full Image Accenture's Q1FY23 …

Infosys closing the gap with Cognizant in terms of revenues
2 years, 4 months ago

Infosys closing the gap with Cognizant in terms of revenues

Live Mint  

Cognizant's September 2022 quarter revenue growth of 5.6% was below guidance of 7.5-8.5% as execution challenges hit performance. Cognizant cuts its CY2022E revenue growth guidance to 7% from 8.5-9.5% in the June 2022 quarter, and 8.5-11.5% at the beginning of the year. "Revenue and bookings were below our expectations as company specific fulfillment challenges were compounded by the impact of …

TCS Beats IBM to Become Second Most Valuable IT Firm Globally; Infosys, Wipro Shine
3 years, 2 months ago

TCS Beats IBM to Become Second Most Valuable IT Firm Globally; Infosys, Wipro Shine

News 18  

IT major Tata Consultancy Services, owned by the Tata Group, has become the second-most valuable company in the IT services sector in the world, according to a valuation firm survey. As per leading valuation company Brand Finance, Tata Consultancy Services or TCS has risen up to second position in the ‘Brand Finance IT Services 25 2022’ ranking. On the other …

Safe havens TCS, Infosys leave Accenture far behind on valuations
4 years, 5 months ago

Safe havens TCS, Infosys leave Accenture far behind on valuations

Live Mint  

The Nifty IT index has risen 37% this year, outperforming the Nifty 500 index by about 42%. The firm’s revenues are double the size of India’s largest IT services firm, Tata Consultancy Services Ltd. And its share of revenues from digital, cloud and security services are now as high as 70% of revenues, far higher compared to its Indian peers. …

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT
4 years, 6 months ago

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT

Business Standard  

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT The better-than-expected performance in the outsourcing business has indicated the recovery of revenue growth for Indian IT firms too, and may happen sooner than expected Premium According to Motilal Oswal Securities, Accenture’s management has hinted at a robust deal pipeline, which is quite encouraging for Indian IT companies. Sai …

Covid impact on TCS greater than Accenture, but stock defies reality
4 years, 8 months ago

Covid impact on TCS greater than Accenture, but stock defies reality

Live Mint  

Since 25 June, when Accenture Plc reported better-than-expected quarterly results, its stock has risen by 8.5%. Its revenue grew 1.3% year-on-year in local currency terms and its operating profit margin rose by 220 basis points sequentially. TCS’s results reflect the reality of the pandemic,” said an analyst at a domestic institutional brokerage requesting anonymity. Even after weaker-than-expected March quarter results, …

Cognizant slashes jobs as part of cost cutting, revamp plans
5 years, 5 months ago

Cognizant slashes jobs as part of cost cutting, revamp plans

Live Mint  

Cognizant Technology Solutions will eliminate as many as 7,000 mid-senior level jobs globally and reskill about 5,000 employees as part of a plan to save costs and simplify the company’s organizational structure. “This will result in an annual cost savings of $500-550 million, which will be reinvested in growth,” chief executive officer Brian Humphries said in a telephonic interview on …

Cognizant at a crossroads, cuts full-year growth outlook to 8.9%
6 years, 5 months ago

Cognizant at a crossroads, cuts full-year growth outlook to 8.9%

Live Mint  

Bengaluru: Cognizant Technology Solutions Corp. appears to be at a crossroads, and a slowing revenue growth is just one of its challenges. The company now runs the risk of growing at its slowest pace in a year, after it lowered its full-year revenue growth outlook to 8.9%, just three months after it reaffirmed faith in its earlier outlook of growing …

Accenture Q4 revenue rises 11% to $1.03 billion, profit beats estimates
6 years, 6 months ago

Accenture Q4 revenue rises 11% to $1.03 billion, profit beats estimates

Live Mint  

Bengaluru: Accenture Plc’s fourth-quarter revenue and profit beat Wall Street estimates on Thursday as investments in its fast-growing digital and cloud services businesses paid off. Net income attributable to the company rose to $1.03 billion, or $1.58 per share, from $932.5 million, or $1.48 per share, in the fourth quarter ended 31 August, a year earlier. Its profit beat the …

Accenture’s growth forecast puts spotlight on Indian rivals
6 years, 8 months ago

Accenture’s growth forecast puts spotlight on Indian rivals

Live Mint  

Bengaluru: Accenture Plc will add more than $4.37 billion in incremental revenue in the fiscal year ending August 2018, the highest new revenue done by an information technology outsourcing company in over two decades. Put simply, Accenture’s projected incremental revenue of $4.37-4.62 billion for the financial year will be just a shade lower than the combined $4.78 billion new revenue …

Accenture’s Q3 revenue rises 16%, profit beat estimates
6 years, 9 months ago

Accenture’s Q3 revenue rises 16%, profit beat estimates

Live Mint  

Bengaluru: Accenture Plc’s third-quarter revenue and profit came in above Wall Street estimates on Thursday as the consulting and outsourcing services provider benefited from its plan to boost investments in digital and cloud services. Accenture has spent more than $3 billion over the last three years on some 70 acquisitions to boost its digital and cloud services in order to …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture reports 7.5% rise in quarterly revenue
7 years, 6 months ago

Accenture reports 7.5% rise in quarterly revenue

Live Mint  

Bengaluru: Accenture Plc reported better-than-expected quarterly revenue, as the consulting and outsourcing services provider benefited from its investments in fast-growing digital and cloud service businesses. Dublin, Ireland-domiciled company’s revenue from “the New”—which includes digital, cloud and security-related services—grew about 30% to $18 billion for the year ended 31 August. The company has been increasingly grabbing market share from its rivals …

How Accenture is stealing a march over TCS, Infosys, Wipro
8 years, 1 month ago

How Accenture is stealing a march over TCS, Infosys, Wipro

Live Mint  

Bengaluru: Indian technology outsourcing companies’ inability to find new customers even as US rival Accenture Plc is managing to do business with firms that dominate the consumer Internet, including Google, Facebook Inc. and Amazon.com Inc., again underlines the reason behind the dismal growth of home-grown companies. A strong consulting practice and early investments in new technology areas, like data analytics …

Accenture revenue tops estimates on cloud services demand
8 years, 6 months ago

Accenture revenue tops estimates on cloud services demand

Live Mint  

Bengaluru: Accenture Plc, a provider of consulting and outsourcing services, reported better-than-expected 7.6% rise in quarterly revenue as its investments to boost digital and cloud services paid off. Accenture is beefing up its digital and cloud services as it seeks to gain market share from its rivals including IBM Corp and India’s Infosys Ltd and Tata Consultancy Services Ltd. “Looking …

Accenture results no pointer to Indian IT performance
9 years, 6 months ago

Accenture results no pointer to Indian IT performance

Live Mint  

Once bitten, twice shy. Accenture said in the past year, digital-related services grew approximately 35% to more than $7 billion. Accenture’s management told analysts in post-results conference call that dominant drivers of its growth continued to be strong double-digit growth in digital-related services and operations, and added later that they expect growth in the segment to remain strong in double-digits …

Cognizant guidance is casting a shadow over Indian IT stocks
10 years, 7 months ago

Cognizant guidance is casting a shadow over Indian IT stocks

Firstpost  

Longer sales cycle and weakness in outsourcing could impact growth for Indian IT companies Shares of IT services providers fell after Cognizant Technology Solutions Corp forecast its slowest full-year sales growth in its 20-year history. But the company cut its revenue growth guidance to 14 percent from 16.5 percent citing client-specific issues and longer-than-anticipated sales cycles. According to Religare Institutional …

Cognizant Q3 net rises 15%; full-year revenue guidance raised again
11 years, 4 months ago

Cognizant Q3 net rises 15%; full-year revenue guidance raised again

India TV News  

Cognizant Q3 net rises 15%; full-year revenue guidance raised again Chennai: Cognizant Technology Solutions beat its own and analysts' estimates for sales growth in the September quarter by a good margin,, thanks to strong demand for software solutions from various geographies, especially Europe.The US-based Chennai: Cognizant Technology Solutions beat its own and analysts' estimates for sales growth in the September …

Accenture expects USD 7-7.3 billion revenue in Sept quarter
11 years, 6 months ago

Accenture expects USD 7-7.3 billion revenue in Sept quarter

India TV News  

New Delhi: Global technology services and consulting company Accenture expects revenue in the September-November quarter to be in range of $7-7.3 billion. For fiscal September-August 2014, the firm has forecast revenue growth of 2-6 per cent.The firm reported a 4 per cent increase in revenue to $7.1 billion for the fourth quarter of fiscal 2013 from a year earlier, while …

Cognizant ups revenue guidance after strong Q2
11 years, 7 months ago

Cognizant ups revenue guidance after strong Q2

The Hindu  

Cognizant Technology Solutions, on Tuesday, confirmed expectations of a strong recovery in the software services sector when it raised its full-year forecast and continued its scorching pace of growth with a 19 per cent rise in net profit. Revenue for the quarter, at $2.161 billion, was also up 20.4 per cent from the year-ago quarter—the company had earlier said it …

Cognizant pips Infosys to the post for No. 2 slot
11 years, 10 months ago

Cognizant pips Infosys to the post for No. 2 slot

The Hindu  

Tata Consultancy Services, Cognizant, Infosys, Wipro and HCL grew by 13 per cent to reach $34.3 billion in 2012, continuously chipping away at market share from large multi-national service providers, according to a recent Gartner study. “The top five Indian providers exceeded the IT services industry’s growth of 2 per cent. “Cognizant, in addition to beating Infosys, also experienced the …

Cognizant's July-Sept net up 22%
12 years, 4 months ago

Cognizant's July-Sept net up 22%

India TV News  

New Delhi, Nov 7: Cognizant Technology Solutions on Wednesday posted 22 per cent jump in consolidated net income at $276.9 million for the third quarter ended September 30, 2012 on the back of growth in newer service offerings in consulting, BPO and IT infrastructure. The company's net profit stood at $227.1 million in the same period last year. “We are …

After Wipro, Cognizant to zoom past Infosys too?
12 years, 10 months ago

After Wipro, Cognizant to zoom past Infosys too?

Firstpost  

Even though Cognizant has lowered its full year revenue guidance, it looks all set to overtake Infosys as the second-largest IT company. Like Infosys and Wipro, the company warned about lower discretionary spending by clients especially in the financial services segment.“Due to a slower-than-anticipated acceleration in demand as we entered the second quarter, we are adopting a more conservative stance …

Cognizant beats profit forecasts but cuts full-year outlook
12 years, 10 months ago

Cognizant beats profit forecasts but cuts full-year outlook

Firstpost  

Analysts on average were expecting full-year earnings of $3.45 per share on revenue of $7.54 billion. The company lowered its full-year adjusted earnings outlook to $3.62 per share on revenue of at least $7.34 billion, from its previous forecast of $3.69 per share in adjusted earnings on revenue of $7.53 billion. Analysts on average were expecting full-year earnings of $3.45 …

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