Infosys and Wipro ADRs rise on Accenture's strong outlook
after close1 source ↓written by the desknot a recommendation
- forecasting
- 3%-6% revenue growth
Shares of Indian IT companies rallied in US trading, with Infosys ADRs up 4.1% to $1,035 and Wipro gaining 0.5% to $159.35. This surge followed Accenture's 22.3% jump after it reported better-than-expected quarterly results and a positive outlook for FY27, forecasting 3%-6% revenue growth. The fading Fed rate hike bets further boosted market sentiment.
Not investment advice. For informational purposes only.