Accenture lifts annual revenue growth forecast to 3%-6%
In short
Accenture said full-year revenue growth should be 3% to 6%. It also reported fourth-quarter revenue of $18.68 billion, above the $18.03 billion analysts expected.
This matters because investors will compare the company’s guidance with market forecasts. The report does not say what drove the result.
What the reporting says
Accenture set full-year revenue growth guidance at 3% to 6%, according to a publisher-supplied market summary. The same report says analysts had expected 3.9%, and Accenture posted fourth-quarter revenue of $18.68 billion versus projections of $18.03 billion. The immediate focus is whether that guidance and beat support the company’s outlook, but no other driver was stated in the available reporting.
Why it matters
Accenture raised its full-year revenue growth outlook to 3% to 6% and reported quarterly revenue of $18.68 billion, both above the market expectations cited in the summary. That suggests a stronger near-term revenue picture for the consulting and technology services company. The available reporting does not say which business lines drove the beat or whether margins changed.