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Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Accenture forecasts upbeat full-year revenue

The company forecast fiscal year 2021 revenue growth between 4 percent and 6 percent, above its previous estimate of growth between 2 percent and 5 percent.

December 17, 2020 / 07:10 PM IST

Consulting and outsourcing services provider Accenture Plc raised its full-year sales forecast and beat quarterly revenue estimates on December 17, as an extended work-from-home period boosted its digital, cloud and security services.

Shares of the company rose about 4 percent in light premarket trading.

The COVID-19 pandemic has forced companies to expedite their move to the cloud, benefiting large IT consulting firms such as Accenture, which serves across industries including health and financial services.

The company forecast fiscal year 2021 revenue growth between 4 percent and 6 percent, above its previous estimate of growth between 2 percent and 5 percent.

Accenture expects second-quarter revenue to be between $11.55 billion and $11.95 billion, above Wall Street estimates of $11.35 billion.

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Total revenue rose to $11.76 billion in the first quarter ended Nov. 30 from $11.36 billion a year earlier, beating analsysts' estimate of $11.36 billion, according to IBES data from Refinitiv.
Reuters
first published: Dec 17, 2020 07:10 pm

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