Accenture forecasts annual revenue below estimates


FILE PHOTO: The logo of Irish services and consulting company Accenture is seen at an temporary office during the World Economic Forum 2022 (WEF) in the Alpine resort of Davos, Switzerland May 25, 2022. REUTERS/Arnd Wiegmann/File Photo

(Reuters) - Accenture forecast annual revenue growth below Wall Street estimates on Thursday, hurt by weak enterprise spending on IT services.

The company expects annual revenue to grow between 4% and 7%, compared with analysts' expectations of 5.63% according to data compiled by LSEG. It had earlier forecast growth of between 3% and 6%.

(Reporting by Priyanka.G in Bengaluru; Editing by Krishna Chandra Eluri)

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