Debasis Mohapatra
Bengaluru, 20 March 2026
Indian IT services companies- TCS, Infosys, HCLTech, Wipro, Tech Mahindra and others will be on investors’ radar after Accenture announced its Q2 results on Thursday. Accenture reported revenue at $18 billion, beating Wall Street estimates, while the operating margin was at 13.8%, up 30 basis points sequentially.
The company expects full-year revenue growth to be around 3 to 5% versus 2 to 5% earlier. It recorded its highest-ever second-quarter bookings of $22.2 billion.
Usually, Accenture’s results are seen as the barometer of demand environment in the IT outsourcing industry.
Brokerage firms have come up with a mixed set of views on impact of Accenture’s results on Indian IT companies.
Brokerage firm, Nomura said that the momentum in financial services would continue, but a sharp growth revival will depend on macro improvement.
Similarly, HSBC said in a report that Accenture’s results provide limited support for reviving sentiments around the IT sector, as bookings growth continues to decelerate.
Nifty IT index has been one of the worst performers among all major indices as AI-led disruption, & Middle East conflict cloud the prospect of any meaningful revival in 2026.
