Accenture has reportedly added $4.8 billion in new business, outpacing India’s 15 largest IT firms—including TCS, Wipro, and Infosys—combined. The U.S.-based company reported $17.6 billion in revenue for the fourth quarter of FY25, at the upper end of its guidance, with new bookings totaling $21.3 billion and a record $1.8 billion in generative AI deals during the quarter.
However, the loss of U.S. federal government contracts trimmed 20 basis points from annual growth and 150 basis points from Q4 growth.
Accenture’s investment in artificial intelligence is a prominent reason for the company’s success, according to reports. In FY25, over 50% of Accenture’s new revenue — around $2.7 billion — came from advanced AI solutions like Generative AI, Agentic AI, and Physical AI. The company has also been ahead of the AI curve, making AI training mandatory even since before the Gen AI boom.
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Over the past decade, it spent $23 billion acquiring 322 companies, mostly in AI, cloud, digital design, and cybersecurity. In contrast, India’s five largest IT outsourcers spent only $9.5 billion combined on acquisitions in the same period.
Accenture has also diversified its capabilities, bringing in significant revenue from cloud, digital marketing, cybersecurity, and AI-led manufacturing.
According to JM Financial, stability is the key message from Accenture’s earnings. “Accenture has not seen any meaningful change in demand either positive or negative across its 9,000 clients. That should lend some stability to current estimates for India IT Services,” the brokerage firm said. Still, JM warned that the outlook for managed services needs close watching.
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Accenture’s outsourcing revenues grew 6 per cent in constant currency to $8.82 billion in the quarter, but if growth in this segment slows, Indian vendors heavily dependent on such contracts may feel the squeeze.
Another firm, Nomura expects the growth momentum in the financial services vertical to continue in the near-term for Indian IT services companies. “However, a sharp growth revival hinges on macroeconomic improvement, particularly in the U.S.,” it added. The firm also noted that Indian IT firms have already scaled GenAI bookings, rising from $3 billion in FY24 to $5.9 billion in FY25. It also pointed out that “unlike Accenture, Indian IT companies do not have any exposure to U.S. federal government contracts.”
They added that the revenue growth momentum continues to be strong in financial services but “there has been no noticeable change in the macroeconomic environment. Gen AI opportunities continue to mature gradually.”