BusinessAccenture Rally Boosts Infosys, Wipro, Cognizant Shares by 6-8%
Shares of Indian IT firms Infosys, Wipro, and Cognizant rose 6-8% following a strong fiscal 2027 revenue outlook from Accenture, which eased market fears about AI's impact on IT services. Accenture shares surged 22% in the US, driven by expected revenue growth of 3-6% in FY27, surpassing analyst estimates. IBM shares also gained about 3%. This indicates resilient demand for technology consulting amid AI adoption.
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