Accenture Plc, the IT consulting firm today predicted its third-quarter revenue beyond Wall Street’s Predictions. This was possible due to a surge in global demand for its cloud services and security services and businesses are moving to a mix of remote and on-location hybrid models.
Analysts have enthusiastically forecasted that software enterprises like Salesforce, Oracle are showing an upward trend in customer spending.
Accenture is injecting heavy funding into cloud, partnerships, and acquisitions to increase its market share; its clientele covers more than 3/4th of the global fortune 500 companies ranging from media & communications to technology.
As per the Refinitiv IBES data, Accenture’s revenue for the current quarter holds at $15.05 billion compared with the predictions done by analysts estimate of $14.65 billion.
Accenture expects its present-quarter revenue to be somewhere between $15.70 billion to $16.15 billion when compared to the predictions of the analysts at $15.11 billion as per Refinitive IBES data.
