Indian IT Stocks Plummet After Accenture Cuts Revenue Guidance
Indian IT stocks experienced a significant decline, with some falling as much as 8%, following Accenture's revised and lowered revenue guidance. This announcement has fueled fresh concerns about the growth outlook for the global IT services sector.
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Indian IT stocks slump up to 7% as Accenture cuts revenue outlook, fueling fresh concerns over sector growth
Shares of major Indian IT companies fall up to 7% after global sector leader Accenture cuts its revenue guidance.
Read full article →Infosys, TCS & other Indian IT stocks crash! How Accenture’s warning has led to big sell-off
Infosys led the decline with a drop of more than 8%. Other major names, including Mphasis, TCS, Tech Mahindra, LTIMindtree, HCLTech and Persistent Systems, registered losses of around 5-6%.
By TOI BUSINESS DESK
Read full article →Indian IT stocks fall as much as 8% after Accenture slashes revenue guidance
By Akash Mandal
Read full article →Stock Market Crash: Accenture Sparks IT Bloodbath; Investors Lose Rs 2 Trillion
The sharp decline highlights a growing concern on Dalal Street: if Accenture is seeing weak demand, Indian IT companies could face similar challenges.
Read full article →Indian IT stocks tumble as bellwether Accenture flags weak outlook
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