Accenture Stock Drops 20% as AI Compresses IT Services Billable Hours
Accenture cut its growth outlook and explicitly cited AI demand compression, sending its stock down roughly 20% in a single session. As the largest IT services firm globally, the signal is a leading indicator for peers including IBM Global Services, Infosys, Wipro, Cognizant, and Capgemini. The core question: can AI-native engagements replace lost billable hours fast enough to stabilize revenue?
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