TCS, Infosys and other IT stocks in focus after Accenture Q4 revenue, outlook beat estimates

Shares of Infosys, TCS, Wipro, Tech Mahindra, HCLTech and other Indian IT companies are likely to remain in focus on Monday after Accenture forecast full-year revenue growth above Street expectations, easing some concerns over weakness in demand across the global technology services sector.

Last week, Infosys ADRs gained about 8%, while Wipro ADRs rose 3%, tracking the positive reaction to Accenture’s results and guidance.