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Accenture forecasts annual revenue below estimates

By Thomson Reuters Dec 19, 2024 | 5:53 AM

(Reuters) – Accenture forecast annual revenue growth below Wall Street estimates on Thursday, hurt by weak enterprise spending on IT services.

The company expects annual revenue to grow between 4% and 7%, compared with analysts’ expectations of 5.63% according to data compiled by LSEG. It had earlier forecast growth of between 3% and 6%.

(Reporting by Priyanka.G in Bengaluru; Editing by Krishna Chandra Eluri)