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Accenture earnings raise hopes for Indian software exporters

Outsourcing group's revised outlook 'encouraging' for sector amid virus concerns

Outsourcing services represent a major growth driver for Indian software exporters.   © Reuters

MUMBAI (NewsRise) -- Accenture's second-quarter earnings augur well for Indian software exporters as strong demand for outsourcing services outweighs concerns over the coronavirus pandemic that has hammered major Western markets.

On Thursday, Accenture reported a 9.8% increase in its second-quarter profit, but slashed its revenue growth forecast for this year to 3%-6%, from 6%-8%, citing the coronavirus pandemic that is raging across the world. The company reported a 22% jump in new order bookings.

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