The company previously estimated a full-year growth between 2 per cent and 5 per cent.
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Julie Sweet, chief executive officer, Accenture, said the company saw “broad-based improvement across industries and geographic markets”, while new bookings, profitability and free cash flow were strong.
While the company’s consulting revenues for the quarter stood at $6.33 billion, down by 1 per cent in US dollar terms; the company reported 9 per cent growth in outsourcing revenues to $5.43 billion.
‘They categorically said they expect a strong quarter of booking in the second quarter also. That is positive. They had 16 clients in the more than 100 million range. That is positive from an industry perspective,” said Apurva Prasad, IT analyst at HDFC Securities.
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The company also saw revival in energy & utilities, some parts of retail and in travel and hospitality industry sectors, thereby providing hopes for the Indian IT services companies and the whole industry, said Prasad.
Accenture’s financial services revenue stood at $2.35 billion, an increase of 7 per cent in US dollar terms; while the health and public service segment saw a 12 per cent jump to $2.21 billion.
“While consulting saw a decline, outsourcing business saw strong growth. Overall positive signs for the Indian IT services companies,” said Madhu Babu, IT analyst, at brokerage firm Centrum.
Babu added that there has been “fast-paced transformation spend” on the consumer front in the retail, banking and financial services industry verticals.