Indian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast, signaling continued caution in discretionary technology spending. Accenture's Q3 results showed mixed performance, with earnings surpassing expectations but revenue slightly missing estimates, impacting global IT sector sentiment.
Indian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast. This indicates continued caution in discretionary technology spending globally. Accenture's mixed Q3 results, with revenue slightly missing estimates,…
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