Accenture revenue growth guidance to spur IT spending environment in US

Analysts say broad-based growth acceleration is a positive for all Indian infotech companies

An increase in revenue growth guidance for the third consecutive quarter by Accenture signals an improvement in the IT spending environment in the US and is a positive for the Indian IT sector.
 
Accenture, which reported an 11 per cent year-on-year revenue growth on a constant currency basis for the third quarter ended May (year ending in August), is poised for a revenue growth of 9.5-10 per cent for FY18.
 
A year ago, the company had eyed 5-8 per cent growth and revised it thrice, the last being at the end of the February.  Analysts say broad-based growth