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ACCENTURE REVENU CUT
US stocks today: Microsoft cloud revenue accelerates as spending growth coolsMicrosoft's cloud revenue saw a jump in the March quarter. Spending on infrastructure was lower than anticipated. This performance aims to ...
Cautious FY27 outlook for IT sector amid macro headwinds and AI transition: Sumeet JainIndian IT firms face a period of measured growth in FY27. Global economic uncertainty and geopolitical risks are key challenges. While AI p...
Accenture’s layoff tally surpasses 11,000; CEO Julie Sweet cites AI, restructuring effortsThe job cuts are part of an $865 million restructuring programme, said the CEO. However, the global consulting firm is also upskilling over...
Accenture beats third-quarter revenue estimatesAccenture exceeded Wall Street's revenue expectations for the third quarter, achieving $17.7 billion against an estimated $17.30 billion. T...
Infosys, Wipro ADRs jump 3% on Accenture's Q1 revenue beat, guidanceInfosys and Wipro ADRs surged nearly 3% after Accenture's strong Q1 earnings beat. Accenture's revenue growth was driven by increased deman...
Accenture's revenue outlook cut sends IT stocks crashingInvestors reduced IT shares post Accenture's lowered revenue guidance, impacting Nifty IT, TCS, Infosys, Cyient, Mastek, LatentView, LTI Mi...
HCL Tech, TCS, Infosys, other IT stocks drop up to 5%. Blame it on AccentureIT giants' shares drop as Accenture reduces FY24 revenue forecast, impacting Nifty IT index. Global peer's muted guidance affects market vi...
ADRs of Wipro, Infosys slump as Accenture cuts guidance on clouded outlookThe IT industry has been grappling with sluggish demand for software and consulting services as high interest rates discouraged enterprises...
Accenture fans IT industry spending gloom with annual forecast cutAccenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%. The firm has been grappling w...
ET Explainer: Should Indian IT companies be concerned about Accenture’s Q2 guidance?Discretionary spending is under pressure, decision-making is slow and small deals are fewer in number, as was the case in the recent quarte...
Accenture Q2 Guidance:Tech giant forecasts revenue in range of $15.40-$16 billionThe company expects revenue in the range of $15.40 billion to $16.00 billion. Analysts polled by LSEG forecast revenue of $16.29 billion.
Accenture's dismal Q3 adds to worries over Indian IT stocksAccenture's revenue growth guidance downgrade for fiscal year ending August 31 has increased caution toward the IT sector, particularly Ind...
Accenture's Q4 performance, outlook indicates cost pressures on IT sectorDublin-based Accenture Plc forecast first-quarter revenue below analysts’ expectations, weighed down by IT spending cuts amid high inflatio...
Accenture forecasts revenue below estimates on IT spending cut, higher dollarThe company forecast current-quarter revenue between $15.20 billion and $15.75 billion, compared with analysts' average estimate of $16.07 ...
Will Indian IT majors see Covid impact like Accenture did? There's one reason why they may notIndian IT services peers of Accenture have faced challenges during the first quarter (April-June) due to delay or cancellation of certain p...
Accenture narrows full-year growth guidance on uncertainty over Covid-19Accenture has narrowed its full-year revenue growth expectations, as Covid-19 continues to impact its clients' spending. Accenture has furt...
Accenture guidance cut signals hard times ahead for India ITIndian IT exporters generate substantial portion of their revenue from the US and European markets.