Accenture forecasts quarterly revenue below estimates

ET Tech
Accenture forecasts quarterly revenue below estimates

Synopsis

According to data compiled by LSEG, the ‌company ​expects ​fiscal ⁠third-quarter revenue between $18.35 ​billion and $19.00 billion, ​with the midpoint slightly below ‌analysts' average estimate ​of $18.72 ​billion.
Reuters
Accenture forecast quarterly revenue below estimates on Thursday, as ‌clients ⁠remain cautious ⁠on spending on large IT transformation projects amid an uncertain ⁠economic environment.

The ‌company expects fiscal ⁠third-quarter revenue between $18.35 billion and $19.00 billion, with the midpoint slightly below ‌analysts' average estimate of $18.72 billion, ⁠according to data compiled by LSEG.
Originally published on ET Tech.