Accenture’s trimmed FY26 revenue guidance and softer outlook on discretionary IT spending triggered a global sell-off, dragging Indian IT ADRs, with Infosys falling 10% and Wipro nearly 4%. The development raises concerns for TCS, Infosys, Wipro and peers amid weak enterprise tech demand, despite continued AI and cloud investments.
Accenture has lowered its FY26 revenue guidance, triggering a global sell-off in IT stocks. Indian IT ADRs were significantly impacted, with Infosys dropping 10% and Wipro nearly 4%. This development raises concerns for major players like TCS, Infosys, and Wipro, signaling weak…
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