Accenture fails to meet hopes

City A.M. Reporter
ACCENTURE, the outsourcing and consulting services provider, cut its full-year outlook and reported third-quarter sales below analysts’ estimates last night.

Shares fell by seven per cent in after-hours trading as the firm said it expects revenue to grow by three to four per cent in the year to September, compared to a March forecast of five to eight per cent. Accenture’s consulting arm saw sales fall two per cent.