Indian IT stocks tumble as Accenture "pours water" on hopes of rebound in demand

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Explore stories from Atlantic Canada.

PC party leader attends the protest in support of fishermen | SaltWire #newsupdate #newfoundlandBENGALURU - Shares of Indian IT services firm tumbled more than 3% on Friday, a day after Accenture cut its fiscal 2024 revenue forecast, dashing hopes of a rebound in demand recovery.

But Accenture chopping its revenue growth forecast to 1% to 3%, from 2% to 5%,"pours water on the rebound narrative," Ashwin Mehta of Ambit Capital said in a note.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines