Accenture expects strong bookings in current quarter

Consulting and outsourcing services provider Accenture Plc reported a 9% fall in quarterly bookings on Thursday, overshadowing better-than-expected third-quarter results and an upbeat full-year forecast. New bookings at the company, which gets about half of its revenue from outside the United States, were $10.6 billion, down from $11.7 billion in the year ago quarter, due to a 4% hit from a stronger dollar.

“We suspect bookings will be back in the spotlight despite sound reported results,” Darrin Peller, an analyst from Wolfe Research said.

On a post-earnings call with analysts, Chief Financial Officer KC McClure said she expected bookings to recover in the current quarter.