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<\/span><\/figcaption><\/figure> Indian IT firms may see growth in fiscal 2020 to grow as strong or outpace that of the current year looking at the commentary of their global peer Accenture<\/a>, which raised its forecast on the back of increasing client budgets for outsourcing and consulting deals.

Last week, Accenture raised its revenue growth forecast by 0.5% to 6.5% to 8.5% for the year ahead as customers globally continue to spend on technology to disrupt their business or improve services to their clients.

“Accenture management indicated potential of a slower economic growth. Client budgets may grow at slightly slower pace compared to 2018. However, this slower growth has not translated in weak growth outlook. Accenture revenue growth for FY 2019 will be similar to FY 2018,” wrote Kawaljeet Saluja, IT analyst at Kotak Institutional Equities.

Two large Indian IT services<\/a> companies - Tata Consulting Services and Infosys - will begin the results season with Q4 numbers and commentary for this year on April 12. TCS has already indicated that it could grow double digits this fiscal as it begins executing large billion dollar deals that it signed last year.

Banking and financial services sector (BFSI<\/a>), which garners the largest share of revenue for most of the IT firms, is expected to see some improvement this year.

“Accenture had cited its expectation of improved BFSI growth in 2HFY19. While 2QFY19 growth was 2% YoY CC, the confidence for that outlook remains intact and is supported by order bookings in the recent period. India-based peers such TCS and Infosys have seen an improved performance over the past 2-3 quarters, leaving Cognizant to recover its growth in the vertical,” wrote Ashish Chopra, research analyst, Motilal Oswal.

Analysts said that Accenture is seen catching up with Consulting after six quarters and that bodes well for demand, not just in Digital but also in run-the-business or traditional services.

While Europe is likely to see tepid growth, North America will revival. “We believe that IT spending will be muted in the capital markets segments, especially in Europe. We expect steady spending in the traditional banking segment in North America though there may be spending caution from a couple of large clients,” wrote Saluja of Kotak.
<\/body>","next_sibling":[{"msid":68668012,"title":"Share market update: Telecom shares rise; OnMobile Global up nearly 5% ","entity_type":"ARTICLE","link":"\/news\/share-market-update-telecom-shares-rise-onmobile-global-up-nearly-5\/68668012","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":68668633,"entity_type":"ARTICLE","title":"Accenture's forecast heralds steady demand for IT firms: Analysts","synopsis":"Last week, Accenture raised its revenue growth forecast by 0.5% to 6.5% to 8.5% for the year ahead as customers globally continue to spend on technology to disrupt their business or improve services to their clients.","titleseo":"telecomnews\/accentures-forecast-heralds-steady-demand-for-it-firms-analysts","status":"ACTIVE","authors":[{"author_name":"Ayan Pramanik","author_link":"\/author\/479250954\/ayan-pramanik","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479250954.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479250954,"author_name":"Ayan Pramanik","author_seo_name":"ayan-pramanik","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETtech","artdate":"2019-04-01 14:06:28","lastupd":"2019-04-01 14:06:28","breadcrumbTags":["accenture","IT services","IT consulting","bfsi","Indian IT services","Enterprise IT"],"secinfo":{"seolocation":"telecomnews\/accentures-forecast-heralds-steady-demand-for-it-firms-analysts"}}" data-authors="[" ayan pramanik"]" data-category-name="" data-category_id="" data-date="2019-04-01" data-index="article_1">

埃森哲的预测需求预示着稳定的IT公司:分析师

上周,埃森哲将收入增长预期上调0.5%,至来年的6.5%到8.5%,客户在全球范围内继续花在技术干扰他们的业务或改善服务他们的客户。

东印度缎木Pramanik
  • 发布于2019年4月1日下午02:06坚持
印度IT公司可以看到增长在2020财年增长强劲或超过当年看其全球同行的评论埃森哲咨询公司,提高了预测的增加客户外包和咨询的预算协议。

上周,埃森哲将收入增长预期上调0.5%,至来年的6.5%到8.5%,客户在全球范围内继续花在技术干扰他们的业务或改善服务他们的客户。

“埃森哲管理表示潜在的经济增长放缓。客户的预算可能比2018年的增长速度略慢。然而,这种经济增长放缓并没有翻译在疲软的经济增长前景。埃森哲咨询公司2019财年营收增长将类似于2018财政年度,“写Kawaljeet Saluja,科塔克机构股票分析师。

广告
两个大印度IT服务公司——塔塔咨询服务和印孚瑟斯——将第四季度的财报季数字和评论今年4月12日。TCS已经表明,它可以增长两位数这个财政开始执行去年签署大型价值数十亿美元的交易。

银行和金融服务部门(BFSI),最大份额的收入来源地的IT公司,预计今年有所改善。

“埃森哲引用改进2 hfy19 BFSI增长的期望。虽然2 qfy19 CC同比增长2%,前景仍完好无损的信心和支持订单预订在最近时期。印度同行(TCS和印孚瑟斯看到改进的性能在过去2 - 3季度,让认识到恢复其在垂直增长,“阿施施Chopra写道,研究分析师,Motilal Oswal。

分析师表示,埃森哲是赶上咨询后六个季度,预示着需求,不仅在传统数字还在经营或服务。

当欧洲可能会温和增长,北美将复兴。“我们相信IT支出将柔和的资本市场领域,尤其是在欧洲。我们期望在传统银行领域稳定的支出在北美虽然可能支出谨慎从几个大客户,”科塔克写道Saluja。
  • 发布于2019年4月1日下午02:06坚持
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  • 埃森哲的预测需求预示着稳定的IT公司:分析师
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<\/span><\/figcaption><\/figure> Indian IT firms may see growth in fiscal 2020 to grow as strong or outpace that of the current year looking at the commentary of their global peer Accenture<\/a>, which raised its forecast on the back of increasing client budgets for outsourcing and consulting deals.

Last week, Accenture raised its revenue growth forecast by 0.5% to 6.5% to 8.5% for the year ahead as customers globally continue to spend on technology to disrupt their business or improve services to their clients.

“Accenture management indicated potential of a slower economic growth. Client budgets may grow at slightly slower pace compared to 2018. However, this slower growth has not translated in weak growth outlook. Accenture revenue growth for FY 2019 will be similar to FY 2018,” wrote Kawaljeet Saluja, IT analyst at Kotak Institutional Equities.

Two large Indian IT services<\/a> companies - Tata Consulting Services and Infosys - will begin the results season with Q4 numbers and commentary for this year on April 12. TCS has already indicated that it could grow double digits this fiscal as it begins executing large billion dollar deals that it signed last year.

Banking and financial services sector (BFSI<\/a>), which garners the largest share of revenue for most of the IT firms, is expected to see some improvement this year.

“Accenture had cited its expectation of improved BFSI growth in 2HFY19. While 2QFY19 growth was 2% YoY CC, the confidence for that outlook remains intact and is supported by order bookings in the recent period. India-based peers such TCS and Infosys have seen an improved performance over the past 2-3 quarters, leaving Cognizant to recover its growth in the vertical,” wrote Ashish Chopra, research analyst, Motilal Oswal.

Analysts said that Accenture is seen catching up with Consulting after six quarters and that bodes well for demand, not just in Digital but also in run-the-business or traditional services.

While Europe is likely to see tepid growth, North America will revival. “We believe that IT spending will be muted in the capital markets segments, especially in Europe. We expect steady spending in the traditional banking segment in North America though there may be spending caution from a couple of large clients,” wrote Saluja of Kotak.
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