Rahul Jain, Vice-President -Research, Dolat Capital, says that Accenture’s improved order book is led by them providing the right solutions which the clients are needing. So, essentially, this is led by their own effort and there is not much of a change in the environment. Probably that’s why despite a very strong order book they did not comment anything beyond the current fiscal in terms of qualitative or quantitative aspect.
What does the lowered revenue guidance by Accenture suggest to you about the company and the sector? What is your reading?
Rahul Jain: Apart from the results, we also followed the commentary in the earnings call and what they are trying to indicate – the one positive data that came out was from an order book perspective, but management was clear that there is no change in the discretionary demand or overall client sentiment in terms of their spending. But this order book is led by them providing the right solutions which the clients are needing.
So, essentially, what they are trying to say is that this is led by their own effort, but there is not much of a change in the environment and probably that is the reason despite a very strong order book they did not comment anything beyond the current fiscal in terms of qualitative or quantitative aspect. As far as
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