Accenture fourth-quarter revenue forecast below expectations; full year growth seen at 8-9%

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Key Points

IT giant, Accenture expects revenue to be in the range of $15.75 billion to $16.35 billion, an increase of 2% to 6% for the fourth quarter of 2023..

For the full year 2023, the revenue growth is seen at 8% to 9%...

Revenue came in at $16.6 billion in Q3 of 2023, up by 3% in US dollars and 5% in local currency compared to the same quarter a year ago..

GAAP operating income was $2.36 billion, compared to $2.60 billion for the third quarter last year, and operating margin was 14.2% compared to 16.1% for the third quarter last year..

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