ACCENTURE EFFECTS ON TCS INFOSYS AND WIPRO | 2020

 ACCENTURE EFFECTS ON TCS INFOSYS AND WIPRO 

Indian IT companies traded in profits last week. IT stocks gained while other stocks lost in the first three sessions. IT stocks lost three percent as the Sensex lost 1,115 points in Thursday's session. The next day, however, IT stocks returned to profit. IT stocks are mainly driven by market gains. International IT giant Accenture results have given a new impetus to IT stocks. Outsourcing deals have grown massively. Also, the quarterly results of this IT company that came earlier are promising.

IT stocks rebounded on Friday. New rules from October 1, health insurance premium up to 20% off! IT stocks zoom 3% .. Accenture result. All stocks in the Nifty IT index gained heavily in the last session last week. Koforge, HCL Tech, TCS, and Infosys gained over 3% to over 3%. India's top 5 IT giants TCS, Infosys, HCL Tech, Wipro, and Tech Mahindra ended higher. The Accenture results came the day before. The results of this iconic company were beyond expectations. Fourth-quarter results announced in 2020 were down only 2 percent compared to the same quarter in 2019.

In 2019 it was $ 11.06 billion and this time it is $ 10.8 billion. Q4 Net Income was $ 1.15 billion during the same period last year, up from $ 1.12 billion this year. New Deals ... Outsourcing Deals Accenture has full-year revenue of $ 44.3 billion. Increased by 3 percent compared to 2019. However, revenue growth declined by 1 percent. Travel Reimbursements Revenue declined. Accenture, however, struck a record $ 14 billion in new deals.

Nearly half of this came from the outsourcing segment. New consulting orders stood at $ 6.5 billion and new outsourcing orders at $ 7.5 billion. 17 new large clients (over $ 100 million) arrived. The increase in revenue saw an increase in Health and Public Services.

Accenture expects its first-quarter results to range from $ 11.15 billion to $ 11.55 billion for the 2021 fiscal year. New deals and higher-than-expected results have weighed heavily on the IT sector. Hence .. revived.

Healthcare is strong in Accenture revenue. Retail, manufacturing, and travel revenue fell by 30 percent to 35 percent. In terms of quarterly growth, it accounted for 3.2 percent in health and public services and 0.5 percent in products. Despite declining revenue based on Accenture, various factors such as surpassing expectations, rising new bookings, optimism that the 2021 financial year will be optimistic, and boosting business in key areas are also expected to boost the Indian IT sector. With this, IT stocks rallied in the last session.