IT stocks trading higher ahead of Accenture earnings


IT stocks are trading higher ahead of Accenture earnings due later today. Accenture’s second-quarter revenue is expected to reflect strong growth across verticals underpinned by higher corporate IT spending, according to Bloomberg Intelligence.

Stronger cloud demand will also fuel momentum in new bookings particularly in the consulting segment. The consensus EPS Estimate is $2.39 and the consensus Revenue Estimate is $14.66 billion.

TCS rose 1.1%, Infosys gained 0.9%, Wipro up 1%, Tech Mahindra rose 0.7%.

News Source:- Moneycontrol

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