Accenture Q2 results clearly indicate strong demand for sector; positive on HCL Tech, Infosys: Macquarie’s Abhishek Bhandari

Accenture's second quarter numbers clearly indicate that their is a strong demand for the sector, said Abhishek Bhandari of Macquarie Capital Securities.

“The key message from Accenture result is that the demand tailwinds are very strong for the sector mainly in cloud transformation,” he said in an interview with CNBC-TV18.

"The sector is still undergoing EPS upgrades both led by revenue as well as margin. A company like Infosys has been constantly upping the revenue guidance mainly aided by robust deal inflows that they have witnessed," said Bhandari while talking about the Indian IT sector.