Accenture May quarter outsourcing performance provides hope for Indian IT
Outsourcing bookings were at $4.8 billion, up 8% in local currency, and 5% in US dollars with a book-to-bill ratio of 1. Outsourcing revenues were at $5 billion, up 3% in dollar terms and up 5% in local currency
MUMBAI: US-based software consulting major Accenture’s results for the quarter ended 31 May provides some hope for Indian information technology (IT) majors, given the company's strong outsourcing business performance. Accenture reported robust growth in its outsourcing income, accounting for 44% of total revenue, as well as deals signed during the quarter compared to consulting business which accounts for the rest of the revenue.