** 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))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.