Accenture raises annual forecast as hybrid work models boost cloud-service demand

FILE PHOTO: Julie Sweet CEO of Accenture attends the Fortune Global Forum in Paris, France, November 19, 2019. REUTERS/Gonzalo Fuentes

(Reuters) -IT consulting firm Accenture Plc raised its full-year revenue forecast on Thursday, betting on strong demand for its digital, cloud and security services from businesses looking to strengthen their operations as they shift to hybrid working models.

The company, which has clients across industries including health and financial services, has announced 39 acquisitions for the fiscal year to date to ramp up its digital offerings and cater to businesses that were scrambling to switch to the cloud during the pandemic.