Geopolitical disruptions in the Middle East are impacting business and causing market weakness among major tech firms.
1 report, 1 independent
Updated Jun 19
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What happened
Geopolitical disruptions in the Middle East are impacting business and causing market weakness among major tech firms.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- War in the Middle East caused market disruption, with Dickson serving as head of research at Horizon.Sub-event
- Infosys and Accenture are affected by a conflict in West Asia, leading to an estimated $100 million revenue impact.Sub-event
Geopolitical instability in the Middle East is driving market pressures on major IT companies.1 source
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The entities involved
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Accenture
multinational management consulting, technology services and outsourcing company
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Wipro
Indian information technology services corporation headquartered in Bengaluru, India
- A market sell-off is underway, causing steep declines in the shares of major IT service providers including Infosys, Wipro, HCL, Larsen & Toubro, and Bharti Airtel.
- Major Indian IT companies, including TCS, Infosys, Wipro, and HCL, are currently locked in a fierce competition for market leadership, with TCS also vying with Reliance Industries.
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IBM
American multinational technology corporation