Stocks of major Indian information technology companies fell as much as 7% on Friday. Infosys led sector declines as the Nifty IT index dropped more than 5%.
Indian IT shares fell sharply on Friday after Accenture's weaker outlook revived concerns that global technology spending remains fragile despite strong investor enthusiasm around artificial intelligence. The Nifty IT index dropped as much as 5.8%, making it one of the worst-performing sector gauges in Mumbai, after Accenture lowered the upper end of its annual revenue growth forecast and issue...
India's Nifty IT index slumped 5.6% on Friday after industry bellwether Accenture forecast quarterly sales below Wall Street view and lowered the upper end of its annual revenue outlook due to weakness in its Middle East business.
Accenture guided investors to expect 3-5% full-year revenue growth while undisclosed headwinds were already pressuring the business -- then cut the outlook and watched the stock fall more than 18% NEW YORK, June 18, 2026 /PRNewswire/ -- Accenture (NYSE: ACN) shareholders lost approximately 18.5% of their investment value today after the company slashed its fiscal year 2026 revenue growth foreca...
Shares fall 17% as CEO says the IT consulting firm will bring in less revenue than expected in the coming months
International Business Machines (NYSE: IBM) stock price retreated sharply today, June 18, continuing a downward trend that started on June 2nd this year. It plunged to $245.8, down by 26% from its highest point this month.
Accenture PLC (NYSE:ACN) shares fell almost 15% on Thursday after the consulting and technology services company lowered its fiscal 2026 revenue growth outlook, overshadowing third-quarter earnings that topped analyst expectations. The company now expects fiscal 2026 revenue growth of 3% to 4% in local currency, down from its previous forecast of 3% to 5%.