Accenture sets revenue forecast at 3-6%, above estimates
Consulting firm Accenture forecast full-year revenue growth above market expectations on Thursday, signalling resilient client demand for its consulting services despite ongoing macroeconomic uncertainty.
The company expects annual revenue growth of 3% to 6%, compared with analysts’ average forecast of 3.9%.
The forecast points to continued demand for Accenture’s consulting and managed-services businesses, even as clients remain cautious amid an uncertain economic environment.
Accenture reported fourth-quarter revenue of $18.68 billion, exceeding analysts’ average estimate of $18.03 billion, according to LSEG data.
Shares of the Dublin-based company rose more than 7% in premarket trading following the upbeat outlook.
The company expects annual revenue growth of 3% to 6%, compared with analysts’ average forecast of 3.9%.
The forecast points to continued demand for Accenture’s consulting and managed-services businesses, even as clients remain cautious amid an uncertain economic environment.
Accenture reported fourth-quarter revenue of $18.68 billion, exceeding analysts’ average estimate of $18.03 billion, according to LSEG data.
Shares of the Dublin-based company rose more than 7% in premarket trading following the upbeat outlook.
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