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IBM stock is having one of its worst days ever – and is dragging some other names in software and IT along with it. Shares of software and professional-services firms including Accenture, Gartner, Workday and ServiceNow were all trading lower Tuesday morning.

Software stocks were hammered after IBM preannounced weaker-than-expected Q2 financial results. Shares in IT services firms also fell.

Investing.com -- HSBC downgraded IBM to Reduce from Hold and cut its price target to $191 from $231 in a note on Tuesday, arguing that a basket of IBM's peers offers superior earnings potential for the same investment.

(Bloomberg) -- Shares of software and IT services companies plunged Tuesday after International Business Machines Corp. reported preliminary results that missed analyst expectations, reigniting questions over the sector’s prospects.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkDisney Exiting Streaming Could Spur 40% Rally: Wells FargoO

Investing.com -- TD Cowen downgraded shares of Accenture to Hold from Buy and slashed its price target to $150 from $258, arguing that a near-term recovery has become increasingly difficult as growth expectations weaken and investor sentiment toward the consulting giant deteriorates.

BENGALURU, June 19 (Reuters) - India's Nifty IT index slumped 5.8% on Friday after industry bellwether Accenture forecast quarterly ​sales below Wall Street view and lowered the upper end of its

Consulting giant forecasts $17.75 billion to $18.4 billion in quarterly revenue as bookings decline 2%.

(Updates with latest stock price movement in the headline and the first paragraph, along with revenu

Accenture stock is plunging today in a decline that would be its worst on record if it holds through market close. The professional services firm warned Thursday that it could bring in less revenue than expected, dogged by turmoil in the Middle East and investor worries about its AI future.

Accenture stock tumbled amid fiscal Q3 earnings that topped estimates while revenue missed. The company lowered its full-year sales outlook.

Consultancy firm Accenture said on ‌Thursday it will ‌buy a majority stake ​in Dragos and fully acquire runZero and NetRise in a ‌combined deal ⁠valued at $4.18 billion. Shares of the ⁠Dublin, Ireland-based company fell about 5% ​in premarket ​trading. Separately, ​the company ‌also cut the top end of its annual revenue forecast.

Investing.com -- Artificial intelligence-driven disruption is increasing pressure on the IT services industry, prompting Berenberg to turn more cautious on the sector as concerns grow over AI-led pricing deflation, uncertain value capture and a lack of near-term catalysts for a valuation recovery.

June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.

Italian digital transformation group Engineering said on Wednesday ‌it would sell units Alfahealth and ‌Industries eXcellence to global tech consulting company ​Accenture. • Alfahealth and Industries eXcellence respectively offer digital solutions for Italy's healthcare ‌and industrial ⁠sectors. • Together they accounted for about 18% of Engineering's consolidated ⁠net revenues and 25% of adjusted core earnings (EBITDA) in 2025.

June 17 (Reuters) - Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.

Investing.com -- Morgan Stanley downgraded Accenture to Equal-weight from Overweight and slashed its price target to $177 from $240, arguing that the anticipated boost to IT services spending from artificial intelligence investments has yet to materialize as enterprises continue to prioritize AI projects over traditional discretionary technology spending.