Accenture Stock Rebounds After Earnings Beat, but Soft Q3 Outlook Keeps IT Spending Worries Alive
Accenture topped expectations for its fiscal second quarter and bumped up the lower end of its annual revenue guidance on Thursday. Still, the company’s more subdued third-quarter forecast put the spotlight back on tepid tech spending from its corporate clients. Shares dropped over 3% in premarket trading but bounced back, last up about 2% in morning action.