IT consulting firm Accenture Plc narrowed its full-year revenue growth forecast range on Thursday as customers curbed spending and delayed projects due to the coronavirus-fueled slump in demand.
), also expects foreign exchange rates to negatively impact its results by 1.5% compared to fiscal year 2019.
The company said it expects fiscal 2020 revenue growth to be between 3.5% and 4.5%, compared with its prior forecast of 3% to 6%. The online consulting and services provider forecast fourth-quarter revenue between $10.6 billion and $11 billion, below the average analyst estimate of $10.88 billion, according to IBES data from Refinitiv.
Revenue was down nearly 1% to $10.99 billion, edging past average analysts’ estimate of $10.87 billion, according to IBES data from Refinitiv.Shares of the company were marginally down in premarket trading on Thursday.
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