IT stocks gain momentum after Accenture Q1 results
after close1 source ↓written by the desknot a recommendation
- 6% YoY
- New bookings surged
- 12% YoY to $21 billion
IT stocks are in focus as Accenture reported Q1 revenue of $18.7 billion, up 6% YoY, exceeding guidance. New bookings surged 12% YoY to $21 billion, boosting investor confidence. Following this, shares of Indian IT firms like TCS, INFOSYS, and TECHMINDRA opened higher, reflecting positive sentiment in the sector.
Not investment advice. For informational purposes only.