SynopsisData from Kotak Institutional equities showed Accenture, the global market-cap leader in pureplay IT services, posted a 3% revenue growth in local currency, Capgemini 5.1% in organic constant currency and Cognizant about 3% on the same basis in the April-June quarter. By contrast, Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro recorded revenue-weighted constant-currency growth of 2.6% in the same period, including acquisitions, and organic growth of 1.6%, the Kotak report said.Accenture, Capgemini and Cognizant harnessed their edge in systems transformation and consulting to expand toplines faster than their Indian-listed tech-services rivals in their latest reporting quarters, spotlighting the impact AI is beginning to have on revenue streams built disproportionately on application development and maintenance.Companies with greater exposure to consulting, transformation, AI and platform-based services are benefitingNow Playing
Global IT firms outpace India-listed rivals on AI, consulting - The Economic Times
Data from Kotak Institutional equities showed Accenture, the global market-cap leader in pureplay IT services, posted a 3% revenue growth in local currency, Capgemini 5.1% in organic constant currency and Cognizant about 3% on the same basis in the April-June quarter. By contrast, Tata Consultancy Services (TCS), Infosys, HCLTech and Wipro recorded revenue-weighted constant-currency growth of 2.6% in the same period, including acquisitions, and organic growth of 1.6%, the Kotak report said.
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