Business & Finance
Accenture’s Outlook Disappoints in Uncertain Consultancy Market
Key Points
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.