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Accenture's Strong FY27 Outlook Boosts Infosys, Wipro, Cognizant Shares
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News18•02-10-2026, 10:02
Accenture's Strong FY27 Outlook Boosts Infosys, Wipro, Cognizant Shares
- •Shares of Indian IT companies, including Infosys, Wipro, and Cognizant, surged 6-8% after Accenture's robust revenue outlook for fiscal 2027.
- •Accenture's shares jumped 22% following its stronger-than-expected FY27 revenue growth forecast, easing concerns about AI's impact on IT services.
- •Accenture projects 3-6% revenue growth for FY27, with the midpoint exceeding analyst expectations, indicating resilient demand for technology consulting.
- •The rally suggests investors are re-evaluating AI's potential impact, seeing it as an opportunity for AI implementation and consulting services rather than an immediate threat to traditional IT.
- •Accenture plans to invest approximately $5 billion in acquisitions in FY27 and has partnered with Anthropic to expand AI safety and testing capabilities, highlighting a strategic shift towards AI-led transformation.
Key Questions Answered
Shares of Indian IT companies surged after Accenture reported a stronger-than-expected revenue growth outlook for fiscal 2027, which helped ease market fears regarding artificial intelligence disruption in the industry.
Accenture expects its fiscal 2027 revenue to grow between 3% and 6%, beating the 3.9% growth forecast anticipated by analysts according to LSEG data.
CEO Julie Sweet stated that Accenture expects to deploy approximately $5 billion on acquisitions throughout fiscal 2027 to accelerate its overall growth strategy.
