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Accenture’s Outlook Disappoints in Uncertain Consultancy Market

Accenture’s Outlook Disappoints in Uncertain Consultancy Market
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Accenture’s Outlook Disappoints in Uncertain Consultancy Market Accenture Plc’s outlook for the fourth quarter missed expectations as the technology consulting firm reported a 2% decline in bookings for the third quarter, pointing to an uncertain market for the industry. The company forecast revenue of between $17.75 billion and $18.4 billion for the three months through August, falling short of the $18.47 billion Bloomberg-compiled analyst consensus. The stock tumbled more than 10% to...

Accenture’s Outlook Disappoints in Uncertain Consultancy Market Accenture Plc’s outlook for the fourth quarter missed expectations as the technology consulting firm reported a 2% decline in bookings for the third quarter, pointing to an uncertain market for the industry. The company forecast revenue of between $17.75 billion and $18.4 billion for the three months through August, falling short of the $18.47 billion Bloomberg-compiled analyst consensus. The stock tumbled more than 10% to $138.20 in premarket trading in New York, from Wednesday’s closing price of $156.01.
Accenture (ORG) Outlook Disappoints (EVENT) Accenture Plc’s (ORG) Bloomberg (ORG) New York (LOCATION)
Originally published by Bloomberg Technology Read original →