Infosys ADRs crash over 8%, Wipro falls 6% after Accenture cuts annual revenue forecast

Infosys and Wipro ADRs fell sharply, dropping over 8 percent and 6 percent respectively, after Accenture cut its FY26 annual revenue forecast. The downgrade points to growing enterprise caution on discretionary IT spending, weighing on Indian IT majors despite their ongoing AI investments and recent cybersecurity acquisitions.