{"id":1015616,"date":"2026-06-19T09:20:14","date_gmt":"2026-06-19T03:50:14","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1015616"},"modified":"2026-06-19T09:23:27","modified_gmt":"2026-06-19T03:53:27","slug":"accenture-shadow-over-it-street-dim-growth-forecast-drags-down-adrs-of-indian-tech-firms","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/06\/19\/accenture-shadow-over-it-street-dim-growth-forecast-drags-down-adrs-of-indian-tech-firms\/","title":{"rendered":"Accenture shadow over IT street: Dim growth forecast drags down ADRs of Indian tech firms"},"content":{"rendered":"<p>Nasdaq-listed IT services major Accenture on Thursday lowered the upper end of its annual revenue growth forecast and projected weaker-than-expected fourth-quarter revenue, triggering a sharp decline in its shares in pre-market trading and weighing on Indian IT stocks despite reporting third-quarter results broadly in line with expectations. <\/p>\n<p>The Dublin-headquartered company now expects annual revenue growth of 3-4% in local currency, compared with its earlier guidance of 3-5%. It also forecast fourth-quarter revenue of $17.75 billion to $18.4 billion, below Bloomberg estimates of $18.47 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nasdaq-listed IT services major Accenture on Thursday lowered the upper end of its annual revenue growth forecast and projected weaker-than-expected fourth-quarter revenue, triggering a sharp decline in its shares in pre-market trading and weighing on Indian IT stocks despite reporting third-quarter results broadly in line with expectations. The Dublin-headquartered company now expects annual revenue growth of 3-4% in local currency, compared with its earlier guidance of 3-5%. It also forecast fourth-quarter revenue of $17.75 billion to $18.4 billion, below Bloomberg estimates of $18.47 billion.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1015616","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1015616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1015616"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1015616\/revisions"}],"predecessor-version":[{"id":1015635,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1015616\/revisions\/1015635"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1015616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1015616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1015616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}