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Accenture forecasts third-quarter revenue below estimates
Accenture, the IT services company, predicted lower revenue than estimated by Wall Street for the third quarter due to concerns of budget cuts from cautious firms during the economic downturn.
The company expects its revenue for this quarter to be between $16.1 billion and $16.7 billion. However, Refinitiv data shows that analysts were expecting revenue of $16.64 billion, on average.
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