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The Latest Breaking News from Accenture

120,000 tech jobs cut in 2026 as AI drives Big Tech's reset; India's IT could be next

Global technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies are restructuring teams and automating tasks, even while reporting strong revenues. India's IT sector faces potential job losses as companies redesign their operational strategies. Fresh graduates are experiencing delayed onboarding and withdrawn job offers from major tech…

The Economic Times

Wipro shares could crash 17% on Thursday if ADR is an indicator. What’s worrying investors?

Wipro shares are poised for a significant drop following a steep decline in its ADRs, fueled by investor worries about future earnings and AI's impact on IT services. The company, already down substantially from its peak, faces headwinds from North American market slowdowns and the disruptive potential of generative AI.…

The Economic Times

Macros, AI, geopolitical overhang to drag Q1 showing of IT cos: Motilal Oswal

Indian IT firms are bracing for a subdued first quarter of FY27, with global economic headwinds, AI's impact, and geopolitical tensions dampening client spending and decision-making. Analysts anticipate some companies may revise their annual revenue growth targets downwards. KPIT Technologies has already flagged a potential dip in its Q1 performance,…

The Economic Times

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New study claims just 2% of schools in England have AI strategies — despite it being 'already embedded in day-to-day teaching and learning'

Although AI is widely used in English schools, only 2% have formal strategies, leaving most struggling to grow adoption safely.

TechRadar

Cyber talent gap widens as demand for hybrid skills outpaces supply

"Modern cybersecurity sits at the intersection of digital platforms, AI deployment, regulatory accountability, operational resilience and customer trust.

The Economic Times

British American Tobacco to slash 9,000 jobs as it turns to AI

Dunhill maker to cut about a fifth of workforce, aiming to reduce costs and become more ‘technology enabled’

The Guardian - UK

AI levels the playing field as IT giants target mid-market game

With the disruption that artificial intelligence has brought, mid-market companies have now accelerated tech spending, creating scalable opportunities. The focus on the mid-market is also a result of a slowdown in deals in the traditional strongholds of America, as well as key sectors like banking, due to economic uncertainty and…

The Economic Times

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‘This is the least crazy AI is ever going to get’: The lessons Europe’s execs must take from Anthropic’s shutdown

The challenge for Europe’s senior executives is that access to the world’s best AI may come at the cost of strategic autonomy, and they need to decide whether that tradeoff is worth it.

Fortune

Why is market falling today? Weak global cues among 5 key triggers behind Rs 6 lakh crore D-St rout

Indian stock markets experienced a significant downturn on Tuesday, with the Sensex and Nifty shedding substantial investor wealth. This decline was fueled by a sharp sell-off in South Korea's Kospi index, renewed fears of US Federal Reserve rate hikes due to rising oil prices, and a resumption of selling pressure…

The Economic Times

Following Disappointing Accenture Earnings, Here's What Barchart Data Says Comes Next for ACN Stock

Accenture stock sank on Q3 revenue miss and disappointing future guidance. But the options market cautions against buying the post-earnings dip in ACN shares.

Barchart

TurboTax-Maker Intuit Leads 3 Cheap Tech Stocks That Pay You to Wait on the AI Boom

Three dividend-paying tech stocks, Accenture, Intuit, and Jack Henry, offer value, income, and AI-linked growth potential amid low RSI levels.

Barchart

Infosys, HCL Tech, Coforge, other IT stocks rise up to 3% a day after a massive crash. What lies ahead?

IT stocks rebounded after a sharp sell-off triggered by Accenture’s guidance cut, with gains led by Coforge and Tech Mahindra. Analysts see valuations turning attractive but caution that volatility may persist. Technical indicators remain weak, with key support and resistance levels suggesting markets need stabilisation before any sustained recovery.

The Economic Times

India's IT sector facing a growth crisis; Daljeet Kohli says he's already walked away

India's IT sector faces uncertainty as global slowdown and AI fears spook investors. Market expert Daljeet Kohli advises caution, citing a lack of growth and difficulty in identifying future winners. Meanwhile, Reliance Jio's IPO is seen as a strategic move to unlock value and offer a focused bet on India's…

The Economic Times

Jio revs up IPO engine; Accenture shock sinks IT

Jio Platforms has kicked off its IPO process with the filing of its draft papers with Sebi. This and more in today's ETtech Top 5.

The Economic Times

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The Economic Times

US Stock Market: Accenture’s AI transformation faces investor skepticism as stock plunges; CEO Julie Sweet remains confident

Accenture's shares plunged nearly 20% after its fiscal third-quarter results revealed weaker-than-expected bookings and a softer outlook. CEO Julie Sweet insists the current phase reflects a multi-year AI-driven transformation, not structural weakness, as clients move from AI pilots to large-scale deployment.

The Economic Times

Indian IT is a trade, not an investment, and the market just got the memo: Sandip Sabharwal

Accenture's slump signals headwinds for Indian IT, with Sandip Sabharwal viewing them as trading plays rather than long-term investments due to macro and AI threats. While Bata India sees a management change, Sabharwal urges caution, emphasizing execution over announcements. He also dismisses high valuations in the EMS sector, pointing to…

The Economic Times

Accenture signals caution, but analysts see long-term IT opportunity

Accenture's earnings signal tough times for IT services. Indian IT firms face weak demand and cautious client spending. While valuations are low, a gradual recovery is expected. The focus shifts to AI's role in future growth. Investors are advised patience as the sector navigates current headwinds.

The Economic Times

Nifty IT crashes 6% to 3-year low as Infosys, HCL Tech, other IT stocks crash up to 9%. Time to buy the dip?

The Nifty IT index slumped over 6% to a three-year low after Accenture’s guidance cut triggered a sharp sell-off in Infosys, TCS, HCLTech and other IT stocks. While some experts see valuations turning attractive after the correction, others remain cautious amid AI-led disruption and slowing growth prospects.

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The Economic Times

Accenture's weak bookings raise AI fears, but Indian IT may weather the storm: Sandip Agarwal

Accenture's recent earnings reveal a sharp decline in new bookings and a reduced guidance, sparking concerns about AI's impact on the IT services industry. While AI isn't officially blamed, the significant drop in orders suggests a deflationary effect. However, Indian IT firms are expected to remain resilient due to different…

The Economic Times

Rs 40,000 crore gone in minutes! Why Infosys shares crashed 9% to hit lowest level in almost 6 years

Infosys share price: Infosys shares plummeted 9% to a near 6-year low, losing nearly Rs 40,000 crore in market cap. This follows Accenture's lowered revenue forecast, sparking concerns over reduced discretionary IT spending. The US Federal Reserve's hawkish stance further fueled worries about a potential slowdown in enterprise technology investments.

The Economic Times

Explained: Why Accenture's warning sparked a Rs 1.35 lakh crore meltdown for TCS, Infosys, other IT stocks

Indian IT majors faced a brutal sell-off, losing Rs 1.35 lakh crore after Accenture's revenue guidance cut. Structural fears around AI replacing traditional services and geopolitical headwinds are deepening the sector's pain. Analysts anticipate further moderation and a shift towards M&A and new client acquisition to counter slowing growth.

The Economic Times

Why did market fall today? Sensex slumps 600 points, Nifty closes below 24,050. IT selloff among 5 key triggers

Indian equities experienced a sharp decline on Friday, snapping a five-day winning streak as IT stocks faced heavy selling pressure. Weak global cues and the cancellation of US-Iran peace talks further dampened investor sentiment, leading to significant drops in the Sensex and Nifty.

The Economic Times

TCS, Infosys, Wipro, other IT stocks crash up to 8% as Accenture lowers FY26 guidance

Indian IT stocks, including TCS and Infosys, tumbled up to 8% after Accenture lowered its annual revenue growth forecast, signaling continued caution in discretionary technology spending. Accenture's Q3 results showed mixed performance, with earnings surpassing expectations but revenue slightly missing estimates, impacting global IT sector sentiment.

The Economic Times

Accenture logs $18 billion Q3 revenue, revenue misses estimates

Accenture's Q3 FY26 results revealed a slowdown in IT demand, with the company missing revenue estimates and lowering its full-year guidance. While Middle East conflicts and longer decision cycles impacted revenue, the results serve as a cautionary signal for Indian IT firms, particularly concerning slower growth in the Americas market.

The Economic Times

Data centres, AI infra become IT's next growth bet

India's software services industry is finding new growth in data centers and AI. Companies like HCLTech, TCS, Accenture, and Cognizant are investing heavily in AI platforms and infrastructure. This strategic shift aims to position them as end-to-end partners.

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