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Posted by Andrew Bartels on March 23, 2012
On March 20, 2012, Oracle released its financial results for the quarter ending February 28, 2012, and Accenture did the same on March 22, 2012. Both had generally positive results, but with different implications for the software, hardware, and services markets of which they are a part. In short, we think the software and computer equipment market will do better in Q1 2012 than Oracle’s results suggest, while the IT services market will not do as well as Accenture did.
So, in sum, software vendors should expect a good first quarter with revenue growth that matches or exceeds Oracle’s results — especially in applications. On the other hand, most IT services vendors (with the exception of the Indian vendors) will not do as well as Accenture, and should expect revenue growth in the mid-single digits.
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