:IT consulting firm Accenture forecast first-quarter revenue above analysts' estimates, expecting strong demand for its cloud and security services as companies delay return to offices and adopt hybrid work models due to the Delta variant.
Demand for IT consulting services has been on the rise as the surging Delta variant of the coronavirus pushed several companies to extend their work from home policies and adopt hybrid work models. "The targeted US$4.2 billion in acquisitions embedded in FY22's guidance is consistent with the company's almost 10 year record of acquiring entities that fit within its eco-system of digital based services," said Wedbush analyst Moshe Katri.
"At the beginning of FY'21, after investing in cloud for a decade, we saw that the pandemic would dramatically accelerate our clients' move to the cloud," Chief Executive Officer Julie Sweet said during an earnings call with analysts.
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