Accenture Q1 FY15 results: positive read-across for European IT Services companies
Yesterday Accenture reported Q1 FY15 results above company guidance, and revenues and EPS were respectively 2% and 8% ahead of consensus. While Q2 FY15 looks positive and in line with the previous quarter, management remains cautiously optimistic for FY15, both on revenue growth and bookings – which are expected to improve over the next quarters. We believe this publication is a positive short-term catalyst for Capgemini and other IT Services stocks.
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