Accenture Forecasts Annual Revenue Growth Below Estimates

(Reuters) – Accenture (NYSE:ACN) has announced its forecast for annual revenue growth, projecting figures below Wall Street estimates as a result of weak enterprise spending on IT services.

The company anticipates annual revenue growth of between 4% and 7%, which falls short of analysts' expectations of 5.63%, according to data compiled by LSEG. Previously, Accenture had forecast growth between 3% and 6%.