Accenture has lowered its annual revenue growth forecast. Companies are still cautious about spending on technology. This is happening even as they invest in artificial intelligence and cybersecurity. Accenture is acquiring cybersecurity firms to boost its capabilities. The company expects revenue for the fourth quarter to be below estimates. This signals a broader trend in the consulting industry.
Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain