Accenture shares fall 20% after revenue forecast cut

Shares of Accenture, the world's largest publicly traded consulting firm, plunged to their lowest level in nearly a decade on Thursday, June 18, 2026, marking its worst single-day stock drop on record. The dramatic sell-off followed the company's report of weaker-than-expected quarterly results and a cut to its annual revenue forecast, intensifying investor fears about the future of traditional IT consulting services amid rapid artificial intelligence adoption. The stock fell as much as 20 percent, erasing roughly $20 billion in market value.

The fallout spread globally on Friday, June 19, triggering a sharp decline in Indian stock markets. The benchmark BSE Sensex fell more than 800 points, and the Nifty 50 slipped below the 24,000 mark, driven by a steep correction in information technology stocks. The Nifty IT index plunged nearly 6 percent, hitting a multi-year low. Infosys was the largest contributor to the decline, falling nearly 8 percent, while Tata Consultancy Services dropped more than 6 percent. Tech Mahindra, HCL Technologies, and Wipro also posted substantial losses.

Analysts attributed the global selloff directly to Accenture's revised guidance. For its fiscal...