BUZZ-IT consulting firms lead software shares higher after Accenture results
Reuters2026/10/01 13:04** Shares of US software stocks advance premarket after IT consulting firm Accenture ACN.N forecast FY revenue growth above estimates
** ACN stock jumps 17.8% to $216.5 premarket
** IT consulting firms rise: Cognizant Technology Solutions CTSH.O up 7.3% and International Business Machines IBM.N up 5.8%
** US-listed shares of Indian IT firms Wipro WIT.N and Infosys INFY.N jump 10.3% and 7.3%
** Broader software stocks jump: software provider EPAM Systems EPAM.N up 7%, business software provider Salesforce CRM.N up 3.6%, enterprise software maker ServiceNow NOW.N up 3.8% and software maker Atlassian TEAM.O up 3.7%
** Windows-maker Microsoft MSFT.O up 1.2%, tax software company Intuit INTU.O up 3.3%, HR software company Workday WDAY.O up 2.4% and Photoshop maker Adobe ADBE.O up 2.3%
** The broader iShares Expanded Tech-Software Sector ETF IGV.Z climbs 1.3%
** Accenture shares set to open at highest in over six-months, if gains hold
** As of last close, the S&P 500 Software and Services index .SPLRCIS up 1% YTD after falling as much as 26.8% earlier this year
(Reporting by Darshan Kumar in Bengaluru)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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