However, Accenture’s revised guidance does not factor in the potential impact if the macro environment deteriorates due to the escalation of ongoing geopolitical uncertainties, including the Middle East conflict. TCS, Infosys, HCL, Wipro, and Birlasoft derive about 6-17% revenue from the energy & utilities sector, and are particularly watchful, says HDFC Securities, adding that the impact on existing projects, however, is expected to remain contained.
