** Shares of consultancy firm Accenture ACN.N down 7.4% at $283.64 in early trade

** Accenture reports a second straight drop in quarterly new bookings, overshadowing the consulting giant's better-than-expected quarterly revenue and an increase in its annual forecasts

** Co says bookings, which represent future revenue secured through contracts, fell 6% to $19.70 billion in its fiscal third quarter

** For the May quarter, Accenture posts revenue of $17.7 billion, beating analysts' average estimate of $17.30 billion - LSEG

** As of last close, Accenture down ~13% YTD

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))