Accenture Q1 Signals Stable Demand, Execution Pressure for Indian IT

• Accenture's Q1FY26 results show stable demand but rising execution pressure for global and Indian IT firms.
• Clients are cautious, prioritizing fewer projects with clear ROI, especially AI-led transformation deals.
• Strong Q1 revenue ($18.7 billion) and bookings ($20.9 billion), but discretionary spending remains constrained.
• AI is increasingly embedded in core delivery, leading Accenture to stop reporting standalone generative AI bookings.
• Analysts expect steady, incremental growth for Indian IT, with stronger recovery tied to macroeconomic improvement.

Why It Matters: Accenture's Q1 indicates stable IT demand but cautious client spending and execution challenges persist.