Accenture Stock Drops as Revenue Misses Expectations and Outlook Disappoints Due to Macroeconomic Headwinds

Accenture stock fell as Q4 revenue missed estimates and earnings outlook was below expectations
Q4 revenue was $15.4 billion vs $15.6 billion estimate
Earnings per share guidance of $11.09 to $11.41 for 2023 vs $11.84 estimate
Company cited macroeconomic challenges like inflation and foreign exchange headwinds
Accenture continues to see strong demand for digital transformation services

barrons.com

Relevant topic timeline:

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