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Accenture Q3 adds to positives for IT stocks

Jun 29, 2020 - ICT Monitor Worldwide
Financial Results

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...