IT Services Update - Strong Momentum In Outsourcing Is A Positive For Indian Peers: PL Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..PL Capital Report.Accenture Plc.’s commentary on outsourcing growth for FY25 indicates a positive bias over the consulting business. The management expects outsourcing to deliver low to mid-single digit growth in FY25, implies outsourcing to outpace the consolidated organic revenue guidance of 0-3% YoY. The positive outlook on outsourcing is validated by the managed service growth (+7% YoY constant currency) performance and bookings (41% YoY) within outsourcing business in Q4 FY24. Despite the improved trend within multiple pockets and broad-based growth across geographies, the management indicated that there is no notable change in the demand environment, while the “save-to investment” theme continued through the quarter. Additionally, the management does not anticipate any meaningful improvement in IT budgets within Fortune 500 enterprises in FY25. We believe the management has been conservative in building the outlook, especially for Consulting portfolio where the churn in discretionary spends is meaningful (hinting growth at the lowerband of the guidance). The read across Indian IT peers remains positive, as the growth trend and strong bookings within outsourcing are encouraging and should replicate though FY25..Click on the attachment to read the full report:.Capital Goods Sector Check - Genset Demand Remains Strong In Q2: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IT Services Update - Strong Momentum In Outsourcing Is A Positive For Indian Peers: PL Capital

Accenture’s Q4 commentary on outsourcing growth for FY25 indicates a positive bias over the consulting business, says the brokerage.

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IT Services Update - Strong Momentum In Outsourcing Is A Positive For Indian Peers: PL Capital

Accenture’s Q4 commentary on outsourcing growth for FY25 indicates a positive bias over the consulting business, says the brokerage.

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