Accenture shares fall after US$4.18B cybersecurity deal announced
Accenture shares fall after US$4.18B cybersecurity deal announced
Publish Date: 2026-06-18 07:37:00
Source Domain: www.bnnbloomberg.ca
Using an unordered list, summarize the following article with between 4 and 8 key points. Consultancy firm Accenture said on Thursday it would take a majority stake in industrial cybersecurity firm Dragos and fully acquire asset intelligence company runZero and device security specialist NetRise in a combined deal valued at US$4.18 billion.Shares of Accenture fell over 11 per cent in premarket trading as the company cut the top end of its annual revenue growth forecast range, signalling businesses wary of an uncertain economy are curtailing spending on discretionary IT consulting projects.The acquisitions will expand Accenture’s cybersecurity business into software for protecting industrial operations and critical infrastructure, including power grids, pipelines, factories and data centers, amid rising AI-driven cyber threats and geopolitical tensions.The deals, expected to close in August or September pending regulatory approvals, will add companies with combined annual recurring revenue of $208 million and build on Accenture’s $10 billion cybersecurity business.The company now expects annual revenue growth between three per cent and four per cent, down from its previous forecast of three per cent to five per cent.Accenture expects fourth-quarter revenue between $17.75 billion and $18.4 billion, below analysts’ average estimate of $18.47 billion, according to data compiled by LSEG.(Reporting by Anhata Rooprai in Bengaluru; Editing by Vijay Kishore and Maju Samuel)Related Stories
