Accenture Q2FY21 earnings: Five ways in which it can impact Indian IT

Accenture's Q2FY21 revenue beat, bookings at historically high and improvement in demand trends even in stressed verticals were among the key highlights from Accenture's Q2 show

Shares of most information technology (IT) companies reversed losses and were trading on a firm note on Friday, taking strength from a strong show put up by Accenture in the second quarter of the financial year 2021 (FY21). While Accenture's robust results bode well for the technology companies, a broad-based weakness in the markets kept a few index heavyweights under pressure.

After hitting a low of 25,028 earlier in the day, the Nifty IT index was trading 0.10 per cent higher at around 11 am. That said, Tata Consultancy Services, Infosys, Wipro and Tech Mahindra were down up to 1