Accenture forecast takes hit from Iran war, shares tumble over 17%

Sebastian Ujică

June 18 : Accenture forecast quarterly sales below Wall Street estimates on Thursday as the Iran war hampers its consulting business in the Middle East and beyond, sending its shares down more than 17 per cent and sparking an industry selloff. The IT consulting giant took a $400 million hit to its Middle East business from the conflict in the third quarter and warned of "more impact in the fourth," the latest evidence of how the war has upended corporate fortunes worldwide. "The indirect impact

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