HSBC has stated that Accenture’s Q3FY25 performance signals a slowdown compared to the first half of the fiscal year, but the implications for Indian IT services companies remain limited.
Accenture has tightened its FY25 revenue growth guidance to 6–7%, indicating a more cautious outlook amid global macroeconomic headwinds. The company also reported a 7% year-on-year decline in deal wins in constant currency terms, suggesting softening client demand and delayed decision-making.
Notably, the brokerage pointed out a sharper drop in outsourcing bookings, a segment that usually aligns more closely with traditional Indian IT services offerings. This could be seen as a potential risk for companies heavily reliant on outsourcing revenues.
Despite the moderation, HSBC emphasized that these results do not offer a strong read-through for Indian IT companies, given the structural and geographic differences between Accenture’s portfolio and that of its Indian peers.
The cautious outlook adds to the mixed global signals being assessed by investors ahead of the upcoming earnings season in the Indian IT sector.
Disclaimer: The views expressed in this article are based on brokerage reports and do not represent the views of this publication. Investors are advised to consult certified financial advisors before making any investment decisions.
