Mumbai, June 19 -- Accenture now expects FY26 revenue growth of 3% to 4% in local currency, compared with its earlier forecast of 3% to 5%. Excluding the impact of its U.S. federal business, the company expects growth of 4% to 5%, down from 4% to 6% projected earlier.
The company reported third-quarter revenue of $18.72 billion, up 5.6% year-on-year in U.S. dollar terms and 3% in local currency. Net income rose 6.4% to $2.39 billion, while diluted EPS increased 9% to $3.80.
Despite the decent quarterly performance, investors focused on the softer full-year outlook. The revised guidance sparked concerns about demand visibility and discretionary technology spending.
Reflecting the negative sentiment, the Nifty IT index plunged 5.15% to 27,...