Consulting and outsourcing services provider Accenture Plc reported a better-than-expected quarterly revenue on Thursday, as the company's investments to boost its digital and cloud services pay off.
Shares of the company fell 1.3 percent to $125.40 in premarket trading after Accenture trimmed its annual revenue forecast.The company said it now expects net revenue to rise 6 percent to 7 percent for the year ending August, compared with an earlier forecast for a 6 percent to 8 percent increase.
Accenture, however, raised its forecast for full-year profit, citing a lower-than-anticipated impact from a strong dollar.
The company now expects full-year adjusted earnings per share of $5.84 to $5.91, compared with a previous forecast of $5.70 to $5.87.
Accenture, like other IT service providers, has beefed up its security, cloud and analytics services to meet burgeoning demand from businesses for digital services.