Accenture Q3 adds to positives for IT stocks
Shares of information technology companies rallied Friday after Accenture reported better-than-expected third-quarter earnings. The Nifty IT index gained the most among sectoral indices, ending up 4% Friday. Infosys jumped 6.6% to 747.
Accenture reported adjusted third-quarter profit of $1.9 per share, which was higher than market estimates.
Haitong Securities said Accentures strong quarterly performance reflects its pole position in key digital spend areas which helped it gain marke...