Why did IT stocks fall today after Accenture Q3 results? Analysts decode

IT stocks today: Accenture's Q3 results show that the adverse macro environment has started impacting clients' tech spending decisions, which may hit IT stocks in the near-term

IT stocks today: After several quarters of robust deal wins, global consulting major Accenture signalled early signs of client hesitation in its third-quarter results for Q3FY25 — a development that analysts believe could challenge Indian IT companies in the coming quarters.

 

Last week, Accenture reported Q3FY25 revenue of $17.7 billion, marking a year-on-year (Y-o-Y) growth of 7 per cent in constant currency (CC) terms and 7.7 per cent in US dollar terms, meeting the upper end of its guided 3–7 per cent range.

 

However, deal bookings — a key forward-looking indicator — fell 6.5 per cent Y-o-Y to $19.7 billion. Consulting