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Accenture's Q4 numbers augur well for Indian IT services sector: Analysts

Outsourcing growth could get back to pre-Covid levels for the IT services sector

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Shivani Shinde Mumbai
Accenture reported strong num­bers for its fourth quarter as well as the full year. The company also guided for a 12-15 per cent growth for FY22 as it sees demand for cloud and digital transformation driving a double-digit surge. This augurs well for the Indian IT services sector and the top four players.
 
Accenture also reported that its revenue for the quarter, at $13.4 billion, was up 24 per cent in US dollars, and for the full year, the company crossed the $50-billion mark.
 
Importantly, new bookings for the quarter were at $15 billion, and for the year,