March 21 (Reuters) - IT services provider Accenture

cut its fiscal-year 2024 revenue forecast on Thursday,

as an uncertain economy prompts clients to cut spending on its

consulting services.

Shares of the company fell around 5% in premarket trading.

Accenture now expects full-year revenue growth in the range

of 1% to 3%, from its prior forecast of 2% to 5%.

The firm has been grappling with sluggish demand for

its IT and consulting services as high interest rates and an

uncertain economic outlook prompt clients to withhold

expenditure.

After elevated client spending during the pandemic,

analysts say growth in the industry has been decelerating over

the past six quarters.

Accenture also forecast third-quarter revenue in the

range of $16.25 billion to $16.85 billion, compared with an

estimate of $17.01 billion, according to LSEG data.