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20.06.26 - 02:42
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Accenture outlook cut sparks fresh fears over IT recovery (Times of India)
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Global tech spending concerns have intensified as Accenture lowered its FY26 revenue growth forecast to 3-4%. This outlook, despite a resilient third quarter, signals potential prolonged weak demand for Indian IT services firms, possibly extending into FY27. Analysts suggest this weakness at a leading IT player negatively impacts demand prospects for India's top IT companies, hinting at a slower start to the next fiscal year....
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18.06.26 - 17:42
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Accenture shares plunge over 14% as Iran war dents outlook, sparks IT selloff (Times of India)
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Accenture's shares plunged over 14% after the IT giant cited the Iran war's impact, slashing its annual growth forecast and projecting lower-than-expected quarterly revenue. The conflict cost the company $400 million in its Middle East business. To counter a slowdown, Accenture announced $4.18 billion in cybersecurity acquisitions, signaling a strong push into this growth area....
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