Shares of major Indian IT companies fell sharply, with Infosys down over 7% and Tata Consultancy Services dropping more than 5%, following Accenture's lowered revenue guidance for FY 2026. Accenture cited a $100 million impact from the Middle East and missed revenue consensus by $90 million. The Nifty IT Index slid over 5%, reflecting concerns about AI disruption, increased competition, and economic uncertainty. Citi remains cautious on the sector, noting valuation concerns and macroeconomic challenges ahead.

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Infosys partners with Valmet to modernize IT and boost efficiency using AI and cloud tech

Infosys has entered a long-term collaboration with Valmet to modernize its core IT services and drive end-to-end IT transformation. The partnership aims to enhance operational efficiency, reduce costs, and align IT operations with Valmet's business p...

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Indian IT stocks drop up to 7% after Accenture cuts revenue forecast amid AI and economic worries

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Infosys partners with Valmet to modernize IT and boost efficiency using AI and cloud tech

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Indian IT stocks drop up to 7% after Accenture cuts revenue forecast amid AI and economic worries

More News (INFY)

Infosys partners with Valmet to modernize IT and boost efficiency using AI and cloud tech

Invest & Trade with#1 Award-Winning Investment Super App

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Google Play Store

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