Macro headwinds: Accenture again lowers revenue forecast for FY24

IT services provider Accenture has once again cut its revenue forecast for FY24 as clients continue to reduce spending on consulting services due to economic uncertainties.

Accenture’s revised outlook on Thursday, anticipates full-year revenue growth to be within the range of 1.5-2.5%, compared to its earlier projection of 1-3%. This contrasts with the first quarter’s more optimistic projection of 2-5%. Accenture follows a September-August financial year.