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Accenture's Strong Q4 Sparks Rally in Indian IT Stocks, AI Drives Growth
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CNBC TV18•02-10-2026, 11:22
Accenture's Strong Q4 Sparks Rally in Indian IT Stocks, AI Drives Growth
- •Accenture's robust fourth-quarter results led to a 6% surge in US-listed shares of Indian IT firms Infosys and Wipro.
- •Accenture's shares rallied 16% overnight, with other software firms like Cognizant, EPAM, and Globant also seeing gains.
- •The company booked more business than analysts estimated, with Artificial Intelligence acting as a significant tailwind, unlocking new enterprise demand.
- •Accenture reported 7% constant currency revenue growth for the quarter and expects 3% to 6% growth for fiscal 2027.
- •Nomura analysts noted that while AI drives client productivity, it is offset by incremental work, maintaining a "buy" rating on Infosys and Cognizant.
Key Questions Answered
Accenture's fourth-quarter results sparked a rally in the US-listed shares of Indian IT firms, with the American Depository Receipts of both Infosys and Wipro rising 6% each overnight.
For fiscal 2027, Accenture expects its constant currency revenue growth to be between 3% and 6%.
Nomura issued a 'buy' rating on Infosys and Cognizant among largecap IT names, and a 'buy' on Coforge among midcap IT stocks.
