Accenture slashes FY20 revenue growth forecast due to Covid-19

INSUBCONTINENT EXCLUSIVE:
Bengaluru: Accenture has slashed its FY20 revenue growth expectation, despite strong strong quarter growth, as result of the spreading
Covid-19 epidemic, a move that will likely be replicated when Indian IT companies begin to report their results in April The New York-listed
IT services giant follows a September to August financial year and is the first company to make an earnings announcement since the global
For fiscal 2020, the company now expects revenue growth to be in the range of 3 per cent to 6 per cent in local currency, compared with 6
per cent to 8 per cent previously
It expects revenues for the third quarter of fiscal 2020 to be $10.75-$11.15 billion, or negative 2 per cent to positive 2 per cent growth
in local currency
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