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No near-term recovery in sight for IT sector as Accenture cuts growth guidance: Kotak

Accenture reported revenue of $18.7 billion for the quarter, up 5.6% year-on-year in dollar terms and 3% in local currency, with growth landing at the midpoint of its guidance range

Raccontata dagulfnews.comtimesofindia.indiatimes.comeconomictimes.indiatimes.comthehindubusinessline.com

Confronto fonti

4 prospettive sulla stessa storia
AI · summaries
thehindubusinessline.comStai leggendo2 g fa

No near-term recovery in sight for IT sector as Accenture cuts growth guidance: Kotak

Accenture cuts FY2026 guidance to 3-4%, managed services bookings slip below 1X; West Asia conflict costs $100M. Discretionary IT spending pressured, deals deferred; M&A focus and midmarket shift signal reduced core confidence while AI adoption stays pilot-stage.

originale
timesofindia.indiatimes.com4 g fa

Accenture outlook cut sparks fresh fears over IT recovery

Accenture cuts FY26 guidance to 3-4% (100bp cut), stock down 18%, signaling macro headwinds in IT spending. Indian IT services and tech buyers face weak demand through FY27 with tighter discretionary budgets—macro uncertainty, not AI disruption.

Leggi questa versione → originale
gulfnews.com5 g fa

Indian stock market meltdown: How Accenture’s warning triggered the selloff

Indian stock markets tumble as Accenture’s weak guidance sparks IT-led selloff, wiping out recent gains and stoking fears over global tech demand.

Leggi questa versione → originale
economictimes.indiatimes.com4 g fa

IT nightmare on loop, Accenture's 20% fall highlights AI disruption

Accenture fell 20% on weak guidance; Indian tech stocks dropped 6% as AI disrupts outsourcing's cost-arbitrage model. IT managers face structural risk: outsourcing vulnerable to AI automation requires vendor consolidation and pivot to AI-native services.

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Timeline cronologica

  1. venerdì 19 giugno 2026·gulfnews.com

    Indian stock market meltdown: How Accenture’s warning triggered the selloff

    Indian stock markets tumble as Accenture’s weak guidance sparks IT-led selloff, wiping out recent gains and stoking fears over global tech demand.

  2. sabato 20 giugno 2026·timesofindia.indiatimes.com

    Accenture outlook cut sparks fresh fears over IT recovery

    BENGALURU: Accenture’s decision to lower its FY26 revenue growth guidance has intensified concerns over the pace of recovery in the global technology spending environment.…

  3. sabato 20 giugno 2026·economictimes.indiatimes.com

    IT nightmare on loop, Accenture's 20% fall highlights AI disruption

    Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty…

  4. sabato 20 giugno 2026·thehindubusinessline.com

    Accenture's weak Q3, West Asia conflict impact cloud FY27 start for Indian IT: Report

    Accenture's Q3 revenue growth came in below consensus estimates, while bookings were weaker than anticipated due to delayed closure of large deals amid disruptions

  5. lunedì 22 giugno 2026·thehindubusinessline.com

    No near-term recovery in sight for IT sector as Accenture cuts growth guidance: Kotak

    Accenture reported revenue of $18.7 billion for the quarter, up 5.6% year-on-year in dollar terms and 3% in local currency, with growth landing at the midpoint of its guidance…