Infosys and Wipro ADRs jump 8% after Accenture beats estimates
In short
Infosys and Wipro ADRs rose about 8% before the U.S. market opened after Accenture posted strong fourth-quarter results. Mint said Accenture shares jumped 20% to $220, with $3.29 EPS and $18.7 billion revenue.
This matters for Indian IT exporters because better Accenture guidance can lift sentiment across the sector. The reporting does not say if the gains will hold or how the next earnings season will turn out.
What the reporting says
Infosys and Wipro ADRs jumped around 8% in pre-market trading after Accenture reported stronger-than-expected fourth-quarter results and forecast 3-6% revenue growth for fiscal 2027. CNBC TV18’s summary says the move lifted sentiment across the global IT services sector, while Mint reported Accenture shares surged 20% to $220 after $3.29 EPS and $18.7 billion revenue beat forecasts. The reporting does not say how long the rally will last.
Why it matters
Infosys and Wipro ADRs rallied after Accenture’s better-than-expected quarter and guidance, according to the publisher summaries. Accenture’s numbers included $3.29 EPS, $18.7 billion revenue, and a forecast for 3-6% revenue growth in fiscal 2027. The move appears to have improved confidence in global technology spending and Indian IT exporters, but the reports do not provide a company-specific catalyst for Infosys or Wipro beyond sector sentiment.