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The Economic Times
The Economic Times
Akash Podishetti

Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast

American depositary receipts (ADRs) of Indian IT major Infosys fell more than 8% on Thursday after Accenture trimmed the upper end of its annual revenue growth forecast, raising fresh concerns over demand for discretionary technology spending. Wipro ADRs too were down nearly 6%

Infosys ADRs declined over 2%, while Wipro ADRs also fell more than 2%, tracking a sharp 11% drop in Accenture's shares after the consulting giant lowered its FY26 revenue growth guidance.

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