Accenture posted Revenues of $16.2 billion an increase of 3% for FY24-Q1

Accenture forecasting revenue for FY24-Q2 will be in the range of 15.4 billion USD to 16 billion USD and it is below street expectation.

Due to low revenue forecast Accenture closed flat even Dow Jones soared over 250 points on Tuesday trade.

Mainly forecasting low revenue is to less spend by clients relatively on discretionary projects.