Accenture beats estimates to post $16.16-bn revenue
Business Standard|June 24, 2022
But the IT services & consultancy firm expects negative forex impact in the next quarter as well as for full year
SHIVANI SHINDE
Accenture beats estimates to post $16.16-bn revenue

Information technology (IT) services and consulting firm Accenture beat Street expectations to clock a revenue of $16.16 billion in the quarter ended May 2022 (Q3). The number, buoyed by cloud and digital transformation, was an increase of 22 per cent over the $13.26 billion reported for the same quarter a year earlier. The double-digit growth rate augurs well for the Indian IT services industry.

Accenture follows a September-August financial year. Third quarter represented the March-May 2022 period.

This story is from the June 24, 2022 edition of Business Standard.

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This story is from the June 24, 2022 edition of Business Standard.

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