The Gold-Standard Provider in IT Services
Wide-moat Accenture posted a solid-as-ever quarterly performance, enjoying continued strength in its new digital, cloud, and security-related services.
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For the quarter, revenue rose 6% year over year to $8.5 billion (increased 7% in constant currency). Revenue growth was broad-based which reflects Accenture’s cross-industry strength. Still, the Resources segment continued to underperform, demonstrating ongoing macroeconomic issues in this segment. Quarterly bookings were in line and the company sees a good pipeline of work, which gives us confidence in the company’s performance for the rest of the year.
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