Management consulting and professional services company Accenture Plc reported a decrease in quarterly profit on Thursday, due to higher costs.
The company's shares fell 2.7% at $123.11.
Operating costs grew by 4.3% to $7.62 billion in the second quarter.
Accenture actively investing in fast-growing businesses such as digital and cloud services, against stiff competition between Cognizant Technology Solutions Corp and IBM.
For the current quarter, the company forecast earnings in the range of $8.65 billion or $8.90 billion.
The company's net profit declined to $838.8 million, or $1.33 per share in the second quarter? From $1.33 billion, or $2.08 per share, a year earlier.
Accenture's net revenues increased by 4.7% to $8,32 billion, helped by high demand for its digital and cloud services, which represent more than 40% of revenue.