Infosys and Wipro ADRs plunged following Accenture’s reduced FY26 revenue forecast. This downgrade highlights enterprise caution regarding discretionary IT spending, impacting Indian IT giants despite their AI investments and ongoing transformation projects, overshadowing recent cybersecurity acquisitions.
Infosys and Wipro ADRs experienced significant declines, with Infosys falling over 8% and Wipro 6%. This downturn followed Accenture's revised annual revenue forecast, signaling increased caution in enterprise discretionary IT spending. The news impacts major Indian IT…
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