Accenture shares plunge 19% on weak revenue forecast; 2026 stock rout deepens to 50%

Accenture shares plunged 19% after a weak revenue forecast, extending the 2026 rout to around 50% and a 64% decline since February. The company expects lower revenue growth despite reporting better-than-expected EPS, driven by concerns over AI's impact on IT services. The development has significant read-across for the Indian IT services sector.