Accenture’s Q1 earnings signal turnaround for IT firms amid market challenges

Global IT services leader Accenture’s Q1 FY25 results and upgraded revenue guidance have emerged as a confidence booster for the Indian IT sector. Analysts view the performance as a positive signal for an industry navigating muted demand and cautious client spending.

Accenture revised its FY25 annual revenue growth projection to 4–7%, up from 3–6%, citing reduced forex headwinds. The company’s strong Q1 performance, including $1.2 billion in bookings driven by demand for AI and digital transformation projects, points to a growing focus on large-scale initiatives.