Accenture outlook raises concerns over delayed recovery in Indian IT sector

Accenture’s weaker outlook and softer bookings have deepened concerns over a delayed recovery in India’s IT sector, with investors fearing AI disruption and subdued client spending could extend into FY27.

Shares of Indian IT companies fell on Friday after Accenture lowered the upper end of its annual revenue growth forecast and reported lower-than-expected new bookings for the third quarter. The company’s results are seen as an indicator of demand trends for Indian software exporters, which derive a large part of their business from global clients.