Accenture cuts revenue forecast, shares slide 17%

IT giant Accenture has trimmed its fiscal 2026 revenue growth forecast to 3-4%, signaling caution in tech spending despite strong AI demand. This revision led to a significant drop in its stock price, impacting other IT services firms globally. Despite the outlook, Accenture reported solid third-quarter results and is aggressively investing in AI and cybersecurity.

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