Accenture forecasts annual revenue below estimates

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Accenture forecasts annual revenue below estimates - Channel News Asia

Quick Summary:

Accenture forecast annual revenue below Wall Street estimates on Thursday, as ongoing reductions in enterprise spending continue to weigh on the professional services sector.

The company said it expects to report annual revenue growth between 3 per cent and 6 per cent, the midpoint of which was below the analysts' average estimate of a 5.9 per cent growth, according to LSEG data.

FILE PHOTO: The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022.