However, some of the broad industry growth trends which are playing out include low penetration levels as compared to the world average, shift to organized sector, government policy or initiatives and rising income levels.
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture’s shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT