Accenture cuts revenue outlook, stock crashes 11% in pre-market trading

Accenture has lowered its annual revenue growth forecast, with its stock falling 11 percent in pre-market trading. The company flagged continued client caution on technology spending despite ongoing investments in artificial intelligence and cybersecurity, and expects fourth quarter revenue to fall below estimates. The development signals a broader demand weakness in the global consulting industry, with potential read-across to Indian IT services majors.