Accenture has lowered its annual revenue growth forecast. Companies are still cautious about spending on technology. This is happening even as they invest in artificial intelligence and cybersecurity. Accenture is acquiring cybersecurity firms to boost its capabilities. The company expects revenue for the fourth quarter to be below estimates. This signals a broader trend in the consulting industry.
Accenture has lowered its annual revenue growth forecast, causing its stock to crash 17%. The company noted that businesses remain cautious about technology spending, despite investments in AI and cybersecurity. Accenture expects its fourth-quarter revenue to be below estimates,…
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