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Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast
Infosys and Wipro ADRs plunged following Accentures reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding discretionary IT spending, impacting Indian IT giants despite their AI investments and ongoing transformation projects, overshadowing recent cybersecurity acquisitions.
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economictimes.indiatimes.com
Infosys, TCS, Wipro, other IT stocks fall up to 3% after Fed's hawkish tone. What's ahead?
Indian IT stocks, including Infosys and TCS, experienced a significant decline of up to 3% on Thursday. This downturn was triggered by a hawkish stance from the US Federal…
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Accenture cuts revenue outlook, stock crashes 11% in pre-market trading
Accenture has lowered its annual revenue growth forecast. Companies are still cautious about spending on technology. This is happening even as they invest in artificial…
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thenextweb.com
Accenture stock drops 20%, buys $4.18bn of cybersecurity
Accenture shares fell a record 20% on fears AI is disrupting consulting, even as it agreed to buy Dragos, runZero, and NetRise for $4.18bn in cybersecurity.
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Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast
Infosys and Wipro ADRs plunged following Accentures reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding discretionary IT spending, impacting…
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timesofindia.indiatimes.com
Accenture shares plunge over 14% as Iran war dents outlook, sparks IT selloff
Accenture's shares tumbled more than 14% on Thursday after the IT consulting giant flagged the impact of the Iran war on its business, cut its annual growth outlook and forecast…
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cryptobriefing.com
Accenture shares plunge 18% on lowered revenue outlook
Accenture stock dropped up to 19% after cutting its full-year revenue growth forecast to 3-4%, citing $400 million in Middle East sales disruptions.