Accenture Unveils $4.18 Billion Cyber Deals as Iran War Drives 17% Share Plunge
Updated
Updated · Reuters · Jun 18
Accenture Unveils $4.18 Billion Cyber Deals as Iran War Drives 17% Share Plunge
3 articles · Updated · Reuters · Jun 18
Summary
Accenture said the Iran war cut $400 million from third-quarter Middle East business and warned of more damage in the fourth quarter, helping push its shares down more than 17%.
Fourth-quarter revenue is forecast at $17.75 billion to $18.4 billion, below the $18.47 billion analyst estimate, while full-year growth was trimmed to 3% to 4% from 3% to 5%.
To offset weaker consulting demand, Accenture announced $4.18 billion of industrial cybersecurity acquisitions, including a majority stake in Dragos and full purchases of runZero and NetRise.
The deals are expected to close in August or September and add $208 million in annual recurring revenue to Accenture's $10 billion cybersecurity business.
Broader pressure is building across the sector: third-quarter bookings fell 2% to $19.3 billion, and shares of Infosys, Cognizant, IBM and Capgemini dropped 5.7% to 10.5%.
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Accenture’s Largest-Ever Stock Decline: Q3 2026 Earnings, AI Investments, and Federal Sector Drag
Overview
On June 18, 2026, Accenture's stock suffered its largest single-day drop after releasing its fiscal third-quarter earnings report. The decline was triggered by mixed financial results, including Q3 revenue of $18.72 billion with 5.6% year-on-year growth and bookings of $19.3 billion, both in line with expectations but not enough to ease investor concerns. The company also lowered its growth outlook for the year and recently made several acquisitions, adding to market uncertainty. These factors combined to create heightened caution among investors, reflecting worries about Accenture’s future performance and broader industry trends.