IT consulting firms fall after Iran war hits Accenture forecast
BUZZ-IT consulting firms fall after Iran war hits Accenture forecast ** Shares of Cognizant Technology Solutions CTSH.O fall 10.3% to $43.78; Infosys INFY.N slides 8.4% to $10.73 and International Business Machines IBM.N down 5.6% at $247.66
** Accenture ACN.N tumbles 17.5% to $129.12 after it forecast quarterly sales below Wall Street estimates as the Iran war hampers its consulting business in the Middle East and beyond
** ACN says it took a $400 million hit to its Middle East business from the conflict in Q3 and warned of "more impact in the fourth," the latest evidence of how the war has upended corporate fortunes worldwide
** Shares of France-listed Capgemini CAPP.PA closed down ~9% at about 89 euros
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
Recent news on Capgemini SE
See all newsCapgemini raises 2026 guidance as AI push brings work to IT consultants (updated)
Capgemini raises guidance after Q3 revenue rises 12%
Brief: Capgemini Q3 Revenue €6.07 Billion
US green card suspension poses little risk to Indian IT, analysts say (updated)
Explainer: The tech green-card program under attack from Trump