IT consulting firms fall after Iran war hits Accenture forecast

International Business Machines

18/06/2026 17:38

** 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))