Accenture forecasts quarterly revenue below estimates as clients delay enterprise spending

Accenture forecasted quarterly revenue below analyst estimates, and its shares fell more than 3% in premarket trading. Management attributed the shortfall to client caution on spending for large IT transformation projects amid an uncertain economic environment, signaling downside risk to near-term growth and guidance.

Analysis

Accenture forecasted quarterly revenue below analyst estimates, and its shares fell more than 3% in premarket trading. Management attributed the shortfall to client caution on spending for large IT transformation projects amid an uncertain economic environment, signaling downside risk to near-term growth and guidance.