CEO Julie Sweet attributed the hesitation to making small deals to “vague economic prospects.” Accenture forecasts current quarter revenue to be in the $15.75 billion to $16.35 billion range, slightly below analysts’ estimate of $16.35 billion. The company attributed the weakness to spending cuts in the tech, media and communications sectors, which were declining due to slow growth.
The future of tech companies may face more challenges as Federal Reserve Chairman Jerome Powell points to a potential rate hike, Reuters reported.
Source: Ferra
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