Accenture, Ibes, Service

Accenture, Ibes

Accenture raises full-year revenue forecast on strong digital services demand

Accenture raises full-year revenue forecast on strong digital services demand

18/3/2021 2:23:00 PM

Accenture raises full-year revenue forecast on strong digital services demand

IT consulting firm Accenture raised its full-year revenue forecast on Thursday and reported second-quarter revenue above analysts' estimates, as ...

BusinessIT consulting firm Accenture raised its full-year revenue forecast on Thursday and reported second-quarter revenue above analysts' estimates, as more businesses used its digital services to shift operations to the cloud.FILE PHOTO: Accenture CEO Julie Sweet speaks during a meeting with the Economic Club of New York in New York City, New York, U.S., December 4, 2019. REUTERS/Andrew Kelly

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18 Mar 2021 07:05PMShare this contentBookmarkREUTERS: IT consulting firm Accenture raised its full-year revenue forecast on Thursday and reported second-quarter revenue above analysts' estimates, as more businesses used its digital services to shift operations to the cloud.

After the COVID-19 pandemic forced companies to expedite their move to the cloud, Accenture doubled down on its digital services by aggressively investing in cloud-based technology.AdvertisementAdvertisementThe company, which has clients across industries, including health and financial services, even acquired a number of cloud-focused ventures during the second quarter. headtopics.com

The company now expects full-year revenue to grow between 6.5per cent and 8.5per cent in local currency, compared to its previous guidance of 4per cent to 6per cent. Analysts on average estimate full-year revenue to be US$47.83 billion, according to IBES data from Refinitiv.

Revenue rose to US$12.09 billion in the quarter ended Feb. 28 from US$11.14 billion a year earlier. Analysts had expected revenue of US$11.83 billion, according to IBES data from Refinitiv.(This story corrects typographical error in headline)Advertisement

(Reporting by Chavi Mehta in Bengaluru; Editing by Subhranshu Sahu) Read more: CNA »

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