Accenture Stock Drops As Q4 Earnings Fall Short of Estimates, 2024 Guidance Disappoints

• Accenture reported lower than expected Q4 earnings and revenue.
• Bookings were down 10% year-over-year in Q4.
• Accenture forecasts full-year 2024 earnings below analyst estimates.
• Q1 revenue guidance also falls short of expectations.
• Decline attributed to clients reducing IT spending amid economic uncertainty.

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