Accenture Forecasts Quarterly Sales Below Estimates Due to Iran War Impact
Accenture reported lower-than-expected quarterly sales forecasts due to the impact of the war in Iran on its consulting business, leading to a more than 17% drop in shares and an industry-wide selloff. The company took a $400 million hit from the conflict and warned of further impacts ahead.
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Topics: cybersecurity geopolitical impact M&A activity stock selloff