26 Sep 2025 | 5 Mins Read
IT shares decline following Accenture's weak outlook
Flipitmoney
Accenture reported better-than-expected Q4FY25 results with revenue of $17.6 billion, but a weak outlook for slower US federal spending cuts may slow growth and impact revenue by 1-1.5 percent. This announcement contributed to IT stocks decline, with companies like Tata Consultancy Services, LTIMindtree, Wipro, and Infosys falling by 2-4% and leading IT stocks down up to 30% in 2025 so far.