It’s a good day to be in the IT game! 🔥 IT stocks like Infosys, TCS, and HCL Tech are seeing serious gains after Accenture dropped some exciting news in their Q4 results. Here’s the lowdown:
Stock Surge 🚀
- The BSE IT Index jumped a whopping 2.76%, hitting 43,830.69 points at its peak.
- Infosys went up 1.4% while TCS climbed 1% to ₹4,332.45.
- HCL Tech? Also in the green!
- The NIFTY IT Index shot up 2.88%, reaching 43,377.95 points.
What’s the Buzz?
Accenture’s Q4 numbers gave the sector a boost:
- They revealed a $4 billion share buyback—that’s a flex! 💰
- Generative AI business is booming! Revenue in this space surged from $100 million last year to a jaw-dropping $900 million this year.
Accenture’s Q4 Highlights 📊
- Revenue: $16.4 billion (+3% in USD, +5% in local currency)
- Operating Income: $2.35 billion (up from $1.91 billion last year)
- Operating Margin: 14.3% (vs. 12.0% last year)
- EPS: $2.66 (+24% from last year’s $2.15)
They’re not slowing down either! Accenture has upped its revenue guidance for FY25 to 3-6%, higher than last year’s.
Why IT Stocks are Popping 💥
Accenture’s success with AI and positive guidance for FY25 signals strong demand for IT services. Companies are throwing cash at tech that can streamline operations, boost efficiency, and, of course, jump on the AI bandwagon.
So yeah, IT stocks are zooming, and it looks like they’re in for a smooth ride. Keep an eye on this space!