Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
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.
Infosys, TCS, Wipro to HCL Tech: IT stocks rise after strong Accenture earnings
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