Accenture beats Indian IT by miles in large deals

Accenture Plc is outpacing India's top IT firms in securing lucrative, large-scale contracts, fueled by its robust consulting businesses and early adoption of generative AI solutions.

- Jas Bardia

The global consulting and technology giant has widened its significant lead in deals exceeding $100 million, a stark contrast to the challenges faced by India's homegrown IT services industry.

The world's biggest IT services company, which follows a September-August financial calendar, bagged 62 large deals—deals with quarterly bookings of more than $100 million—in the first half of the fiscal year, following 125 such deals in fiscal 2024.

At Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd, deals valued at more than $30 million are tagged large deals.

Infosys, HCL and Wipro collectively secured 219 deals above $30 million in the year ended March 2024.

In the nine months ended December 2024, Infosys and Wipro bagged 72 and 46 large deals, respectively, according to a Mint review of the company's financials.

While TCS and Tech Mahindra do not disclose the number of large deals, HCLTech's large deal wins do not include renewals.

To be sure, Accenture reported $64.9 billion in revenue last year, making it more than twice the size of TCS, India's largest IT services firm, which reported $29.1 billion revenue in FY24.

Homegrown software service providers follow an April-March financial calendar.

Collectively, the country's four largest IT services companies made up $71.8 billion in revenue at the end of last fiscal.

This has made one brokerage underline the falling ability of Indian IT in winning large deals.