Topic
accenture
Business Accenture leases over 10 lakh sq ft in Hyderabad in ₹1,000 crore office deal
Accenture Solutions Pvt Ltd has leased over 10 lakh sq ft of office space at Aparna Technopolis in Hyderabad, committing more than ₹1,000 crore in total rent over the lease term. The deal, one of the largest commercial office transactions this year, underscores sustained demand from global capability centres for premium office space in Hyderabad.
Business Indian IT Stocks Crash Rs 1.35 Lakh Cr on Accenture Warning; Analyst Sees Further Downside
Indian IT stocks suffered a massive sell-off on Friday, erasing nearly Rs 1.35 lakh crore in market value, after Accenture's weaker-than-expected outlook reignited fears of AI-driven disruption. The Nifty IT index fell 6%, taking its calendar-year decline to 29%. Brokerages warned of further earnings downgrades and valuation compression for Indian IT firms.
Technology Accenture Outlook Cut Sparks Fresh Fears Over IT Recovery, Broking Firms Warn of Prolonged Weak Demand
Accenture cut the upper end of its FY26 revenue growth guidance by 100 basis points to 3-4%, sending shares down 18%. The downgrade has renewed concerns over global IT spending recovery, with brokerages Ambit and CLSA warning of prolonged weak demand for Indian IT companies, possibly extending into FY27. CLSA noted the guidance cut reflects macroeconomic challenges rather than AI disruption.