Infosys, TCS, Wipro, and Accenture Share Price: Indian IT Stocks Decline Up to 3% After Accenture’s Q3 Results

Market Performance

Indian IT stocks experienced notable pressure on Monday, June 23, 2025, following the release of Accenture's quarterly results last week. Major companies, including Infosys Ltd., TCS Ltd., Wipro Ltd., and HCL Tech, saw their share prices dip by as much as 3% in early trade.

• Infosys Ltd. emerged as the top loser in the Nifty IT index, with a decline of 2%
• TCS Ltd., HCL Tech, and Oracle Financial Services slipped between 1% to 2%
• The Nifty IT index, despite gaining 4% in the past month, remains 10% lower year-to-date

Main News

The dip in Indian IT stocks came after Accenture, a key global peer, reported its financial results for the recent quarter on Friday. Investors responded with caution, as reflected in the Monday trading session for Indian IT majors, including Infosys, TCS, and Wipro.

Accenture's Q3 performance impacted sentiment across the sector, particularly due to its narrowed full-year guidance and a notable decline in outsourcing deals.

Company Financials: Accenture

Revenue

• Reported 7% growth compared to the same quarter last year

Full-Year Revenue Guidance

• Now revised to 6%–7%, compared to the earlier 5%–7% range
• Reflects macroeconomic headwinds and federal contract impact of about 2%

Organic Growth Guidance

• Maintained at 3%–4% year-on-year, nearing pre-COVID averages

Generative AI Performance

• $1.5 billion in new bookings for Gen AI
• $700 million in revenue was generated from Gen AI offerings in the quarter

Segment Performance

• Financial Services vertical showed strong momentum
• This segment is a key vertical for Indian IT companies, including Infosys Ltd., TCS Ltd., and Wipro Ltd.

Company Details

While Accenture's numbers showcased strength in some areas like financial services and Gen AI, the broader reaction was cautious:

• Outsourcing bookings saw a sharp decline
• Overall deal wins were down 7% compared to the previous quarter
• The narrowed guidance range triggered market-wide reactions across global IT players

Back in India, Infosys, TCS, Wipro, and other IT companies mirrored the global sentiment, seeing sharp intraday drops.

Other Stock Highlights (June 23, 2025 at 11:49 AM):

Summary of the Article

The recent earnings announcement by Accenture has had a cascading impact on Indian IT stocks. Market giants like Infosys Ltd., TCS Ltd., and Wipro Ltd. experienced share price declines amid subdued investor sentiment.

Although Accenture's revenue grew by 7%, its lowered full-year guidance and declining outsourcing bookings have raised concerns about near-term growth in the global IT sector. This triggered a broad-based decline in Indian IT shares, particularly among the top-tier companies.

With Gen AI showing early signs of revenue traction and financial services continuing to deliver, the focus now turns to how Indian IT leaders such as Infosys, TCS, and Wipro align their strategies in response to global cues from peers like Accenture.