TCS, Infosys, Wipro, other IT stocks crash up to 8% as Accenture lowers FY26 guidance (opens original article in a new tab)

Accenture's reduced FY26 revenue guidance and lower Q3 results triggered a sell-off in Indian IT ADRs, with Infosys and Wipro experiencing significant declines amid concerns over weak enterprise tech demand.

• Accenture lowers FY26 revenue guidance to 3%-4% from 3%-5%
• Infosys ADRs fall 10%, Wipro ADRs drop nearly 4% amid sector demand concerns
• Indian IT firms face challenges from weak enterprise tech demand despite AI and cloud investments
• Accenture's Q3 revenue of $18.7B misses estimates of $18.76B, total bookings fall 1.9%