1553 GMT - Accenture investors may fear the group's push into cybersecurity reflects its difficulty keeping pace with stiff competition, Charles Stanley's Kenneth Warnock writes. The group tightened its fiscal 2026 revenue growth guidance and recorded an on-year fall in new bookings for the fiscal third quarter. However, strength in its consulting business suggests the company is resilient to mainstream fears around AI competition in the segment. Instead, investors will focus on Accenture's $4 billion push into industrial cybersecurity, and whether the move is a means of keeping up with competition, rather than driving new growth. "Investors will wonder whether Accenture is having to run to stand still," Warnock says. Accenture shares tumble 17%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
June 18, 2026 11:54 ET (15:54 GMT)
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