Accenture is not a listed company. Yet, its earnings give us an indication of how things are for the other listed IT companies. And that explains why after Accenture announced its Q2 numbers (Feb quarter ending), Infosys went on to hit a new 52-week high today at Rs.1234.65. TCS is also in the green though the rest of the gang – Wipro , Mahindra Tech are in the red.

Accenture which follows a Sept-August year cycle, for the second quarter posted a 6% (YoY) rise in revenue at $7.9 billion and 12% jump in constant currency. This was way above the guidance of 6-9% constant currency growth.

The good news is that it has revised its guidance or the full year upwards – from 6-9% to 8 to 10%, which is way above most analyst expectations. For its Q3, which ends on 30^th May, it expects revenue at $8.1-8.35 billion.