Cognizant, IBM and Salesforce gain up to 13% after Accenture’s upbeat Q4 results lift sentiment
AI Summary
The strong performance of Accenture, particularly in consulting and technology segments, has positively influenced investor sentiment across the IT sector, including Indian companies like Infosys and Wipro. This trend suggests that Indian IT firms may benefit from increased demand for digital transformation services, as businesses seek to adapt to changing market conditions. Retail investors should monitor how these companies leverage this momentum to drive growth in the coming quarters.
Cognizant, Salesforce and IBM shares were trading higher on Wall Street in Thursday's trade, following Accenture's better-than-expected fiscal fourth-quarter performance, which boosted sentiment across the sector.
The gains were led by Cognizant, whose shares jumped 12.70% to a day's high of $64.74 apiece, while IBM shares gained 6.5% to $234.27. Likewise, Salesforce advanced 1.3% to $239.45.
Original Article
Published on Livemint
Frequently Asked Questions
What is this article about?
This is a market news update from Livemint, published on 01 October 2026.
Is this news positive or negative for markets?
TopFund's automated sentiment analysis reads this article as neutral in tone, based on the language used in the report. This is a general signal, not investment advice.
Where can I read the full article?
The full article is available at the original source, Livemint — see the "Read Original Article" link on this page.