Accenture's $4.18B cybersecurity bets raises Wall Street questions

Accenture confirmed a $4.18 billion cybersecurity acquisition spree on the same morning it reported quarterly earnings. Shares fell as much as 16% in pre-market trading to $131.00, despite non-GAAP earnings per share of $3.80 beating analyst estimates. The market reaction appeared disproportionate to the quarter's profit performance.