Accenture forecasts third-quarter revenue below estimates

FAN Editor

(Reuters) – IT services firm Accenture Plc forecast third-quarter revenue below Wall Street estimates on Thursday on worries that budget cuts from recession-wary enterprises will weigh down on its business.

The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. Analysts on average were expecting revenue of $16.64 billion, according to Refinitiv data.

(Reporting by Chavi Mehta in Bengaluru)

tagreuters.com2023binary_LYNXMPEJ2M0C9-BASEIMAGE

Free America Network Articles

Leave a Reply

Next Post

Ford's EV business lost $2 billion in 2022, offset by big profits in fleet and legacy units

The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images Ford Motor said Thursday its electric vehicle business lost $2.1 billion last year on an operating basis, a loss that was […]

You May Like