Accenture's guidance trimming and indirect risks from Middle East delays are pressuring Indian IT firms, according to Morgan Stanley analysis.

1 report, 1 independent Updated Jun 23

AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

Accenture Middle East Morgan Stanley

How it developed

Newest first. Tap a step to see who reported it.

Jul 7Morgan Stanley downgraded TCS, adding to the market pressure on Infosys and Accenture amid scrutiny of the premium between the two firms.Sub-event
Jun 23Accenture's weak outlook and Middle East delays are weighing on Indian IT majors.1 source
- moneycontrol.com

Keep exploring

Part of

Carsten Fink assesses India's economic prospects, noting that the Middle East crisis is affecting the Indian economy. All 2 developments

The entities involved

Accenture
multinational management consulting, technology services and outsourcing company
- Financial institutions noted weak demand and revenue headwinds for Accenture due to West Asia conflict disruptions.Mon 15:16
- Trump-era tariffs are noted to be affecting the market outlook.Mon 09:38
Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
- A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
- Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
Morgan Stanley
U.S. investment bank
- Financial firms including Morgan Stanley, Truist Financial, Jefferies Financial Group, and CIBC issued rating and price objective updates for Clearway Energy.Mon 17:33
- Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24

Coverage

Newest first; wire copies grouped

Jun 23moneycontrol.com