Indian IT is likely to breathe a sigh of relief following Accenture’s stronger-than-expected third-quarter results. The global IT services major reported revenues of $17.7 billion, marking a 7 per cent increase in local currency. The company also slightly raised its FY25 revenue growth forecast marginally to a range of 6 per cent to 7 per cent in local currency, up from its earlier projection of 5 per cent to 7 per cent.

Accenture also saw new bookings of $19.7 billion, a decrease of 6 per cent in US dollars and 7 per cent in local currency. Its GenAI new bookings stood at $1.5 billion during the May-ended quarter.

Positive outlook

Pareekh Jain, CEO at Pareekh Consulting and EIIRTrend, commented, “Accenture’s results show some optimism for the Indian IT industry. The BFSI sector saw double-digit growth, which is good for us. The worry was that they might see some slowdown in verticals like manufacturing, retail, and some geographies, which was not the case. It was also expected to experience some hits on the DOGE and Federal contracts, despite which, they had a good performance. The only worry was their order and GenAI booking acceleration declined a bit. Last quarter, they were growing a bit exponentially.”

Last quarter, Accenture saw new bookings of $20.9 billion. Its GenAI new bookings were $1.4 billion and Revenues of $16.7 billion, an increase of 8.5 per cent in local currency. 

Structural overhaul

The company also announced changes to its growth model and its leadership. Accenture will bring all of its services — Strategy, Consulting, Song, Technology, and Operations, deep industry and functional experience, in a single, integrated business unit called Reinvention Services, under the leadership of Manish Sharma, Accenture’s CEO of the Americas.

Sharma will become its first Chief Services Officer. As an integrated business unit, Reinvention Services can create more leading solutions faster and embed data and AI more easily into its solutions and delivery, the company said in a release.

Jain explained that the idea behind this restructuring is to better co-ordinate across service lines for large transformation deals—often spanning multiple domains like consulting, technology, and operations. These are complex, multi-tower programs requiring seamless integration.

By consolidating under Reinvention Services, it is aligning closer to the integrated delivery models already prevalent among Indian IT firms, many of which operate with a Chief Delivery Officer or Chief Operating Officer overseeing end-to-end execution.

Accenture seems to be repositioning itself to compete more directly with Indian IT players by adopting this delivery-focused model. As GenAI moves from a consulting-led offering to more embedded, operational use cases, this integrated approach could help win larger deals. This restructuring also validates the operating models Indian IT companies have championed for years.

Published on June 20, 2025