FILE PHOTO: Accenture PLC logo is seen on a smartphone in front of displayed same logo in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustration
(Reuters) -IT services firm Accenture forecast first-quarter revenue below Wall Street targets on Thursday, as a tough economy forces clients to defer projects and scale down the scope of deals.
The U.S. Federal Reserve's forecast earlier this month that it would leave interest rates elevated for longer than widely expected, has added to concerns that enterprise spending will take longer-than-expected to return to healthy levels.
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