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Infosys, Wipro ADRs Soar 8% as Strong Accenture Q4 Results Boost IT Sector
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CNBC TV18•01-10-2026, 17:57
Infosys, Wipro ADRs Soar 8% as Strong Accenture Q4 Results Boost IT Sector
- •Infosys and Wipro American Depository Receipts (ADRs) jumped around 8% in pre-market trading after Accenture reported stronger-than-expected Q4 results and an upbeat revenue outlook.
- •Accenture's shares surged 16.17% to $213.20 in pre-market trading following its earnings announcement.
- •Accenture's Q4 revenue of $18.7 billion surpassed market estimates and its own guidance, signaling continued demand for IT services.
- •The company projects 3-6% revenue growth in fiscal 2027 and reported a significant improvement in profitability, with Q4 GAAP operating margin up 370 basis points.
- •Accenture achieved strong new bookings of $22.2 billion in Q4 and generated $11.6 billion in free cash flow for the full year, returning a record $11.5 billion to shareholders.
Key Questions Answered
Infosys and Wipro ADRs surged around 8% after Accenture reported stronger-than-expected fourth-quarter results and provided an upbeat revenue outlook for fiscal 2027, boosting global IT sector sentiment.
Accenture reported fourth-quarter revenue of $18.7 billion, surpassing market estimates. For fiscal 2027, the company expects local currency revenue growth of 3% to 6% and anticipates returning at least $9.5 billion in cash to shareholders.
Accenture posted a GAAP operating margin of 15.3% (up 370 basis points year-on-year) and a 46% rise in GAAP diluted EPS to $3.29. New bookings reached $22.2 billion, supported by a record 141 quarterly client bookings worth $100 million or more.
