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Indian IT stocks on cloud nine after Accenture's strong results


Stocks of IT companies are on cloud nine after Accenture’s strong results
Accenture’s results indicate that demand outlook remains strong and there is acceleration in cloud adoption.
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Shares of software services firms Tata Consultancy Services Ltd (TCS) and Infosys Ltd hit a new 52-week high on Friday after Accenture Plc announced better-than-expected results for its first quarter. The company follows a September-August financial year. What’s more, the management’s commentary was reassuring too. Analysts say that large Indian IT firms tend to mirror Accenture’s performance with some lag, and with other channel checks suggesting strong IT demand, the outlook for India-based companies remains strong. ....

United States , Jm Financial Institutional Securities Ltd , Ltd Point , Jefferies India , Tieri Indian , Institutional Securities Ltd , North America , Join Mint , ஒன்றுபட்டது மாநிலங்களில் , ஜ்ம் நிதி நிறுவன பத்திரங்கள் லிமிடெட் , லிமிடெட் பாயஂட் , ஜெஃப்பெரிஸ் இந்தியா , திிேறி இந்தியன் , நிறுவன பத்திரங்கள் லிமிடெட் , வடக்கு அமெரிக்கா , சேர புதினா ,