Infosys ADR surged 8.44% to $11.63 in pre‑market, while Wipro’s ADR gained 7.55% to $1.78, a sharp lift triggered by Accenture’s 16.17% jump after Q4 earnings. — Accenture reported Q4 revenue of $18.7 bn, up 6% in USD and 7% in local currency, beating the $18.04 bn estimate and topping the high end of its own guidance range. GAAP operating margin climbed 370 basis points to 15.3%, and GAAP diluted EPS rose 46% to $3.29. Bookings hit $22.2 bn in the quarter, $84.5 bn for the year, while free cash flow topped $2.8 bn Q4 and $11.6 bn annually. Chair‑CEO Julie Sweet noted that the year ended with a record $11.5 bn shareholder return, including $7.5 bn in share repurchases. Accenture’s FY2027 outlook calls for GAAP diluted EPS of 14.39–14.81, a 6–9% rise, and a minimum $9.5 bn cash return to shareholders.
Infosys and Wipro, both anchored by strong domestic demand, ride the wave of confidence that Accenture’s results have injected into the IT services sector. The ADR price jump reflects a broader rally, with Cognizant’s ADR up 7.07% to $61.50 on the same day. The IT services index is up roughly 4% year‑to‑date, outperforming the broader market by about 1.5 percentage points.
Analysts are recalibrating expectations: the consensus EPS estimate for Infosys for FY2026 has been nudged up by 5%, while Wipro’s is now projected to grow 3% in revenue, a 2% lift from last year’s guidance. Accenture’s guidance for FY2027 signals continued demand for consulting and technology services, which could buoy the entire sector.
Both Infosys and Wipro will report earnings next month—Infosys on Oct 15 and Wipro on Oct 20—providing further data points for investors to assess whether the momentum from Accenture’s beat sustains or softens.