czwartek, 27 marca 2014

Accenture says consulting business to remain weak

Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona (Reuters) - Accenture Plc warned that weakness in its consulting business that hurt second-quarter results would carry on though the year, sending its shares down as much as 8 percent. The consulting business, which brings in more than half of the company's revenue, has fallen in six of the last seven quarters as customers cut discretionary spending and stiff competition puts pressure on contract prices. Accenture raised its full-year profit forecast and the lower end of its revenue forecast, but warned that revenue in the consulting business would be flat or grow in the low-single digits in the year ending August 31. The company reported record high consulting bookings of $4.6 billion but Chief Financial Officer David Rowland said on a conference call with analysts that pricing pressure was eating into revenue growth.








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