Accenture Stock Rebounds After Earnings Beat, but Soft Q3 Outlook Keeps IT Spending Worries Alive
Accenture reported fiscal Q2 revenue of $18.04 billion, beating estimates, and raised its full-year revenue growth forecast to 3%-5%. The company’s Q3 outlook fell short of analyst expectations, citing continued caution on large IT projects and slower U.S. federal work. Shares rose 2.4% to $199.88 by 10:02 a.m. EDT. New bookings reached $22.1 billion, up 6% from a year earlier.