Accenture reduces 2024 revenue forecast to 1%-3% growth due to economic uncertainty and high interest rates.
IT services provider Accenture has reduced its fiscal-year 2024 revenue forecast to between 1% and 3% growth, down from a previous projection of 2% to 5%. The company cites economic uncertainty and high interest rates negatively impacting industry growth. Accenture has faced sluggish demand for its IT and consulting services, resulting in layoffs and a projected $450m in severance-related costs.
March 21, 2024
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