Accenture misses quarterly revenue estimates

By Syndicated Content Sep 24, 2020 | 5:57 AM

(Reuters) – Accenture Plc missed Wall Street estimates for quarterly revenue on Thursday, hurt by a drop in reimbursable travel revenue it earned from clients.

Total revenue fell 2% to $10.84 billion in the quarter ended August 31, missing analysts’ estimate of $10.91 billion, according to IBES data from Refinitiv.

(Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri)