Accenture forecasts Q3 revenue below estimates at around $16.7 billion

IT services firm Accenture Plc forecast third-quarter revenue below Wall Street estimates on Thursday on worries that budget cuts from recession-wary enterprises will weigh down on its business.

The consulting firm reported adjusted earnings per share of $2.69 for its second quarter ended in February. Revenue came to $15.81 billion, up 9% from the same period the prior year in local currencies.