Accenture Falls as Longer Consulting Projects Crimp Revenue
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Accenture Plc, the world’s second-largest technology-consulting company, fell the most in more than a month on a decline in first-quarter sales of its advice.
Revenue from consulting, the company’s biggest unit, fell 3 percent from a year earlier to $3.96 billion, declining for the third straight quarter. Total sales climbed 2.1 percent to $7.22 billion, compared with the $7.3 billion average estimate of 19 analysts polled by Bloomberg.