Accenture cuts revenue forecast, shares slide 17%
IT giant Accenture has trimmed its fiscal 2026 revenue growth forecast to 3-4%, signaling caution in tech spending despite strong AI demand.
This revision led to a significant drop in its stock price, impacting other IT services firms globally.
Despite the outlook, Accenture reported solid third-quarter results and is aggressively investing in AI and cybersecurity.
Accenture Cuts Outlook, Tech Stocks Slump
- Accenture warning sparks IT rout: Are tougher days ahead for Indian tech? The Indian Express —
- Stock market today: Sensex closes over 600 points down, Nifty50 above 24,000 - not just IT stocks, HDFC Bank & RIL also drag down indices Times Of India —
- Stock market today: Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list Times Of India —
- Indian IT stocks fall as much as 8% after Accenture slashes revenue guidance The Indian Express —