Why Infosys ADRs Fell 10% On Thursday?
Consultancy firm Accenture reported results for the quarter that ended on May 31, which were a miss on expectations. The company’s guidance also was narrowed at the upper end of the previously issued range. The news sent the stock tumbling by 18% on Wall Street, its biggest single-day drop on record.
Accenture’s results sent shares of its peer consultancy firms also lower with Cognizant falling 11% and Capgemini shares seeing losses of close to 9% overnight. As a result, the US listed shares of Infosys were down 10%. Shares of its peer, Wipro, also listed in the US, were down as much as 8% at one point, but recovered from the lows to end 4% lower.
How Were Accenture’s Quarterly Results?
Accenture’s new bookings were down 2% during the quarter. The company now expects revenue to be between $17.75 billion to $18.4 billion, lower than analysts projections of $18.47 billion.
For the full year, revenue growth is now seen between 3% to 4% from 3% to 5% earlier. Excluding the 1% Federal impact, the revenue growth will be 4% to 5% from 4% to 6% earlier.
The company’s management also said that the West Asia war impacted revenue by $100 million during the quarter and sales were hit by $400 million. They also expect this impact to continue despite a peace deal being reached between both nations.
How Have Infosys Shares Fared In 2026?
Shares of Infosys were underperforming the market on Thursday as well, having declined 2.6% and ended at the lows of the session before Accenture’s results were announced.
The stock is now down 35% from its 52-week high levels of ₹1,728 and this sell-off in the stock has taken its market capitalization below the ₹5 lakh crore mark.
For the year so far, the stock is down 31%.
