As digital advances continue to accelerate and remote workers are more popular, IT services and consulting will be in high demand. The industry’s tailwinds should be a boon for DXC Technology and Accenture plc (NYSE :). Which stock is better to buy right now? Learn more. Accenture plc, a professional services firm, provides global strategy, consulting, interactivity, technology, and operations services. The company also offers services in cloud, sustainability, marketing and supply chain management. DXC Technology Company, NYSE:), provides information technology services, solutions, and support primarily in North America. Global Business Services and Global Infrastructure Services are its two main segments.

With the growing adoption of new technologies, it is likely that the market for IT services will continue to expand exponentially. Due to the increasing dependency on hybrid work models, government worldwide have reintroduced travel bans and lockdowns to reduce the spread of the transmissible Omicron virus. The demand for IT services is likely to grow further. According to A Gartner In a report published by Inc. (NYSE.) in April, it was revealed that worldwide IT service spending will reach $1.2 trillion by 2021, an increase of 9.8% over 2020. ACN and DXC both should be benefited.

ACN’s gains over the last year have been 61.9%, and DXC only returned 36.3%. Also, ACN’s 53.4% gains year-to-date are significantly higher than DXC’s 22.1% returns. Moreover, ACN is the clear winner with 52% gains versus DXC’s 11.1% returns in terms of the past nine months’ performance.

Continue reading on StockNews