Accenture shares plunge over 14% as Iran war dents outlook, sparks IT selloff
Accenture's shares plunged over 14% after the IT giant cited the Iran war's impact, slashing its annual growth forecast and projecting lower-than-expected quarterly revenue. The conflict cost the company $400 million in its Middle East business. To counter a slowdown, Accenture announced $4.18 billion in cybersecurity acquisitions, signaling a strong push into this growth area.
Accenture's shares plunged over 14% after the IT giant cited the Iran war's impact, slashing its annual growth forecast and projecting lower-than-expected quarterly revenue. The conflict cost the company $400 million in its Middle East business. To counter a slowdown, Accenture announced $4.18 billion in cybersecurity acquisitions, signaling a strong push into this growth area. What's Your Reaction?
