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Accenture forecasts third-quarter revenue above estimates -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The Accenture PLC logo can be seen on a smartphone in the background of this illustration, taken December 1, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) –IT consultancy firm Accenture (NYSE 🙂 Plc forecasts third quarter revenue higher than Wall Street’s estimates on Thursday. This is due to increasing demand for cloud-related and security-related services, as more companies shift to a hybrid model.

Analysts suggest also that clients are spending more in the enterprise markets, including Salesforce (NYSE:), and Oracle (NYSE.:).

Accenture, whose clients include more than three-quarters of the Fortune Global 500 companies across communications, media & technology as well as financial services industries, is also strategically investing in cloud, acquisitions and partnerships to gain more market share.

According to data from Refinitiv IBES, revenue for quarter was $15.05 billion compared to analysts’ average estimate at $14.65 billion.

Refinitiv IBES data shows that the company is expecting current-quarter revenues between $15.70 and $16.15 trillion, which compares to analysts’ average estimation of $15.11 billion.

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