Accenture’s full-year profit forecast disappoints, shares fall

March 23, 2017 By Rishika Sadam (Reuters) – Consulting and outsourcing services provider Accenture Plc slightly raised its full-year profit forecast, but the revised outlook was still largely below market expectations, sending the company’s shares down as much as 4.5 percent. Accenture has invested heavily in its fast-growing businesses, such as digital and cloud services, amid stiff competition from Cognizant Technology Solutions Corp and IBM Corp. Revenue in its consulting unit, which has a higher profit margin than its outsourcing business, increased 2.6 percent in the second quarter ended Feb….

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