Accenture lifts FY25 growth forecast; signals trends for Indian IT sector

Nasdaq-listed IT services major Accenture has raised its annual revenue growth forecast for fiscal 2025 to 4-7%, up from the earlier projection of 3-6%. The revision is attributed to a reduced negative impact from foreign exchange fluctuations, now expected to be approximately 0.5%, compared to the 1.5% projected earlier.

Accenture’s performance and outlook are of particular significance for India, where over 40% of the company’s global workforce of nearly 800,000 are based. The company’s results often serve as a bellwether for the Indian IT sector, which looks to Accenture’s trends as an indicator of global demand. With Indian IT majors gearing up for their Q3 FY25 earnings season in January, Accenture’s Q1 performance highlights critical areas of growth, including the strong demand for generative AI solutions.