On June 18, Infosys fell 8.29% in regular trading, trading at $10.72/share, with turnover of $228 million. The decline was driven by broad-based selling across the IT consulting and outsourcing sector after industry leader Accenture reported disappointing fiscal Q4 revenue guidance and an unexpected 2% decline in Q3 new bookings.

Accenture reported Q3 new bookings of $19.3 billion versus $19.7 billion in the prior year, while total revenue of $18.7 billion slightly missed the $18.76 billion consensus estimate. The results intensified market fears that AI agents — particularly those advanced by Anthropic — could fundamentally disrupt the traditional man-day billing model that underpins the entire IT consulting and outsourcing industry. Accenture shares plunged 17.56% on the session.

Infosys, as one of the world's largest IT services and outsourcing providers, remains heavily dependent on the traditional consulting fee structure. The sector-wide rout reflected growing anxiety that the pace of AI-driven disruption may outstrip firms' ability to transition toward outcome-based and platform-driven revenue models. Within the IT Consulting sector, Cognizant fell 10.15%, EPAM Systems declined 9.72%, IBM dropped 5.68%, and Gartner lost 2.67%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)