Lowering of fiscal 2020 revenue guidance to 3-6 per cent by IT major Accenture could ring alarm bells for Indian software exporters such as TCS and Infosys.
In fiscal 2020, Accenture lowered its revenue growth guidance and earnings outlook , stating that the uncertainties on demand and revenues emanating from the Covid-19 outbreak and are expected to come up in the May 2020-ended quarter. For FY20, Accenture expects revenue growth to be in the 3-6 per cent range y-o-y, compared to the earlier guidance of 6-8 per cent. This is in constant currency.
Demand may suffer
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March 21, 2020