Indian IT Sector Faces Uncertainty After Accenture’s Q2FY25 Results

Описание: Accenture's Q2FY25 results, announced on March 21, 2025, have raised concerns within the Indian IT sector. The company reported an 8.5% year-on-year revenue growth for the quarter, leading to a revised FY25 growth guidance of 5-7%, signaling cautious sentiment.

This conservative outlook has impacted Indian IT stocks, with major companies like TCS, Infosys, Wipro, and Tech Mahindra experiencing declines of up to 3%. The Nifty IT Index has dropped approximately 15% year-to-date in 2025, underperforming broader markets by nearly 13%.

Analysts attribute this downturn to increased macroeconomic uncertainties and potential earnings risks. Accenture's results highlight constrained discretionary spending and a lack of significant increases in client budgets, reflecting a cautious sentiment in the IT services sector.

Despite these challenges, some analysts believe that the medium-term outlook for Indian IT may not be as bleak, considering the sector's minimal exposure to U.S. federal projects—a key concern raised by Accenture.


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