India, March 22 -- Accenture, an IT services firm, decreased its revenue prediction for fiscal year 2024 on 21 March owing to economic uncertainty, which has caused customers to limit their expenditure on consulting services. Accenture's updated view predicts full-year revenue growth of 1 percent to 3 percent, compared to its previous projection of 2 percent to 5 percent. In pre-market trading on the New York Stock Exchange, the company's shares fell by almost 5%.

Accenture's performance is generally recognised as a standard for the Indian IT market, offering insight into the expected outcomes for Indian IT firms. The fourth quarter results season begins on 12 April, with bellwether TCS announcing its profits. Given that Accenture's staf...