Accenture post 5% net revenue rise

Accenture reported a 5% rise in net revenue at USD8.32bn for the quarter ended 28 February. While demand for its digital, cloud and security-related services accounted for more than 45% of the revenue, the earnings showed that the company’s consulting business grew at the slowest pace in more than a year. During the quarter, the company reported new orders of USD9.2bn, reflecting a negative 2% foreign-currency impact compared with new bookings in the second quarter last year. Accenture expects its net revenue to be in the range of USD8.65bn to USD8.90bnin fiscal Q3. For fiscal 2017, the company has revised its guidance upwards and now expects net revenue growth to be in the range of 6% to 8% in constant currency