A REVENUE GUIDANCE cut by the global information technology (IT) giant Accenture has cast a shadow over Indian IT companies. Analysts now worry that the next financial year, 2024-25, will also be gloomy for these companies, dashing hopes of a muchanticipated recovery eyed later this calendar year.
Accenture slashed its revenue forecast for fiscal year 2024 to 1-3% from 2-5% earlier, citing macroeconomic uncertainties that are restraining clients from spending on consulting services and increasing pressure in the volume of smaller deals.
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