{"id":276802,"date":"2026-06-18T12:36:00","date_gmt":"2026-06-18T16:36:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/18\/accenture-forecast-takes-hit-from-iran-war-shares-tumble-over-17\/"},"modified":"2026-06-20T06:15:21","modified_gmt":"2026-06-20T10:15:21","slug":"accenture-forecast-takes-hit-from-iran-war-shares-tumble-over-17","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/18\/accenture-forecast-takes-hit-from-iran-war-shares-tumble-over-17\/","title":{"rendered":"Accenture forecast takes hit from Iran war, shares tumble over 17%"},"content":{"rendered":"<p><a href=\"https:\/\/www.reuters.com\/legal\/transactional\/accenture-take-majority-stake-acquire-cybersecurity-firms-418-billion-deal-2026-06-18\/\">Accenture forecast takes hit from Iran war, shares tumble over 17%<\/a><\/p>\n<p><a href=\"https:\/\/www.reuters.com\/legal\/transactional\/accenture-take-majority-stake-acquire-cybersecurity-firms-418-billion-deal-2026-06-18\/\">https:\/\/www.reuters.com\/legal\/transactional\/accenture-take-majority-stake-acquire-cybersecurity-firms-418-billion-deal-2026-06-18\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-18 12:36:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.reuters.com\">www.reuters.com<\/a><\/p>\n<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Iran war hurts third-quarter Middle East business by $400 million<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Accenture unveils $4.18 billion in industrial cybersecurity deals<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Fourth-quarter revenue forecast is below market estimates<\/li>\n<\/ul>\n<p>June 18 (Reuters) &#8211; Accenture (ACN.N)<span style=\"border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap\">, opens new tab<\/span> forecast quarterly \u200bsales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the \u200cMiddle East and beyond, sending its shares down more than 17% and sparking an industry selloff.<\/p>\n<p>The IT consulting giant took a $400 million hit to its Middle East business from the conflict in the third quarter and warned of &#8220;more impact in the fourth,&#8221; the latest evidence of how \u200bthe war has upended corporate fortunes worldwide.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  here.<\/p>\n<p>&#8220;The indirect impact really started in the last few weeks,&#8221; CEO \u200bJulie Sweet said on a post-earnings call. &#8220;It&#8217;s not clear how fast things will change, particularly because \u2060some of the industries are dealing with kind of longer-term issues.&#8221;<\/p>\n<p>The automotive sector where Accenture has a large presence, \u200bfor instance, was already struggling before higher gas prices from the conflict piled on more pressure, Sweet said.<\/p>\n<p>Geopolitical and economic \u200buncertainty have in recent months hit demand for IT projects, while concerns that autonomous AI tools could displace traditional software services have weighed on valuations across the consulting sector.<\/p>\n<p>&#8220;Accenture&#8217;s results suggest demand is becoming increasingly concentrated around targeted AI investments while broader consulting and transformation spending \u200bremains under pressure,&#8221; said Phil Fersht, HFS Research&#8217;s chief analyst.<\/p>\n<p>Shares of rivals Infosys , Cognizant (CTSH.O)<span style=\"border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap\">, opens new tab<\/span>, and IBM (IBM.N)<span style=\"border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap\">, opens new tab<\/span> slid between 5.7% and \u200b10.5%, while Capgemini (CAPP.PA)<span style=\"border:0;clip:rect(0 0 0 0);clip-path:inset(50%);height:1px;margin:-1px;overflow:hidden;padding:0;position:absolute;width:1px;white-space:nowrap\">, opens new tab<\/span> closed down 8.9% as Accenture also lowered its annual sales expectations.<\/p>\n<h2 data-testid=\"Heading\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__heading_6__u1KdJ heading-module__base__p-zaD heading-module__heading_6__-zrtS article-body-module__heading__KTJKz\">FOCUS ON M&#038;A, INDUSTRIAL CYBERSECURITY<\/h2>\n<p>To cushion the consulting hit, \u200cAccenture is \u2060making a big bet on industrial cybersecurity. It announced&#8230;<\/p>\n<p><a href=\"https:\/\/www.reuters.com\/legal\/transactional\/accenture-take-majority-stake-acquire-cybersecurity-firms-418-billion-deal-2026-06-18\/\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Accenture forecast takes hit from Iran war, shares tumble over 17% https:\/\/www.reuters.com\/legal\/transactional\/accenture-take-majority-stake-acquire-cybersecurity-firms-418-billion-deal-2026-06-18\/ Publish Date: 2026-06-18&#8230;<\/p>\n","protected":false},"author":1,"featured_media":276803,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.reuters.com\/resizer\/v2\/LOEE6PX2MZLXBFBZLBAQ3HCMLQ.jpg?auth=91b46b0edb8b55e261629182d20f790a1dae5e0fc620218137fe6d7adce9395a&height=1005&width=1920&quality=80&smart=true","fifu_image_alt":"","footnotes":""},"categories":[15],"tags":[20],"class_list":["post-276802","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cybersecurity","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/276802"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=276802"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/276802\/revisions"}],"predecessor-version":[{"id":276804,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/276802\/revisions\/276804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/276803"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=276802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=276802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=276802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}