Accenture forecasts annual revenue below estimates
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Accenture has forecasted annual revenue growth below Wall Street estimates due to weak enterprise spending on IT services.
December 19, 2024 | 12:15 pm
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NEGATIVE IMPACT
Accenture's forecast for annual revenue growth is below Wall Street estimates, attributed to weak enterprise spending on IT services.
The forecasted revenue growth below estimates is likely to negatively impact Accenture's stock price in the short term as it indicates potential challenges in the company's business environment, particularly in enterprise IT spending.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100