Accenture lowers FY24 earnings forecast

BENGALURU: IT services provider Accenture on Thursday cut its FY24 revenue forecast as clients curb spending on consulting services due to economic uncertainty. It now expects full-year revenue growth of 1% to 3% from its earlier forecast of 2% to 5%.

The company reported revenues for the second quarter (December-February) of FY24 at $15.80 billion, compared with $15.81 billion for the same period last year. Revenues were slightly above the midpoint of the company’s guided range of $15.40 billion to $16.00 billion.