Accenture Plunges on Guidance Cut
Accenture just took a beating on Wall Street, with its stock plunging nearly 18%—the sharpest drop since 2017—after weaker-than-expected revenue and a gloomy outlook rattled investors. The real shock wasn’t just softer numbers but a lowered growth forecast, $400 million in Middle East exposure from the Iran conflict, and anxiety over whether AI is about to compress the lucrative consulting hours Accenture depends on. Consulting growth slowed to a crawl, managed services took the lead, and investors immediately flagged trouble for Indian tech giants, sending the entire Nifty IT index down 6%…
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