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Accenture reports smaller profits as costs rise

Accenture reports smaller profits as costs rise

Friday, March 24, 2017, 11:52 AM

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%. 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.
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