Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast (opens original article in a new tab)

Indian IT company ADRs declined after Accenture cut revenue forecasts, raising concerns about IT sector demand and spending trends.

• Infosys ADRs fell over 8% after Accenture cut annual revenue forecast
• Wipro ADRs declined 6% amid concerns over IT sector demand
• Accenture lowered FY26 revenue growth guidance to 3%-4% from 3%-5%
• Indian IT companies face challenges from slowing enterprise technology spending