Accenture forecast fiscal third-quarter revenue between $18.35 billion and $19.00 billion-slightly below the $18.72 billion analyst consensus. Clients are delaying large IT transformation initiatives, opting instead for cost control and short-term projects amid economic uncertainty.
The company reported second-quarter revenue of $18.04 billion, up 8% year-over-year and above estimates of $17.84 billion. Earnings came in at $2.93 per share, up from $2.82 a year earlier. New bookings rose 6% to $22.1 billion.
Shares fell 3% in premarket trading.