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Recovery in global IT markets bodes well for Indian tech companies: Report

Economic Times · 1m

The strong quarterly results of Accenture, a global IT company, have raised optimism for the Indian IT sector. Analysts believe that Indian companies may also experience a recovery, as signaled by Accenture's performance. The company's Q4 FY24 results showed improvement in the industry, with a 4% swing in organic growth for FY25. This recovery is driven by outsourcing demands and large deals, which is a positive indicator for Indian IT firms specializing in these areas. However, growth may vary across sectors, with Accenture's success largely attributed to public services deals. Nonetheless, positive trends in other verticals like CMT and a slight recovery in BFSI are encouraging. Success for Indian IT companies will depend on their ability to capitalize on these trends and overcome sector-specific challenges.