Mumbai, March 27: Global consulting and outsourcing company Accenture has raised its revenue outlook for this calendar year, fuelling hopes of better-than-expected performances by domestic IT companies for the quarter ended March and the subsequent quarter.

Some of the domestic IT services companies have recently offered muted revenue guidance.

Accenture's second-quarter earnings at $7.5 billion topped Street estimates of $7.4 billion. The company also raised its 2015 revenue growth guidance to 8-10 per cent from 5-8 per cent, following robust order bookings and improved demand momentum.

Analysts maintain that raising the revenue guidance indicates better days for domestic players as well. "The positive commentary on the US, European regions (higher offshoring), financial services, manufacturing and healthcare verticals, highlights sustainable demand trend, which will drive growth for IT industry and particularly for Indian vendors, as cost optimisation remains vital for client spending. We believe these trends augur well for large size Indian IT vendors given their scale and presence in these regions and verticals," a note from Edelweiss Securities said.

The optimism led to IT stocks gaining on the bourses today. The Infosys scrip gained nearly 3 per cent to end at Rs 2,201.95 on the BSE, while Tata Consultancy Services (TCS) closed at Rs 2,516.20, up 0.11 per cent. Infosys and many others are set to announce the fourth-quarter results next month.

Earlier this month, TCS had forecast a subdued fourth quarter. In a conference call with analysts it said the dollar revenue growth for the period would be impacted by 200 basis points owing to cross-currency movement. Moreover, margins are likely to be affected by 40 basis points on a sequential basis.