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(Reuters) - Accenture Plc’s (ACN.N) profit forecast for the year fell short of estimates, overshadowing better-than-expected fourth-quarter revenue and profit and sending its shares down about 2 percent. The consulting and outsourcing services provider said the forecast assumes impact from a stronger dollar, and that the possibility of a “hard” Brexit and the ongoing trade war could impact its business. The company said it expects full-year profit between $6.98 per share and $7.25 per share, below the average estimate of $7.28 per share. It also said it expects full-year revenue growth between 5 percent and 8 percent in local currency.

“Accenture reported solid numbers, driven by growth across all its segments, They provided FY19 guidance of 5-8 percent local currency revenue growth; and commented that the macro is incrementally more volatile, primarily due to disputes around global trade and the potential for a hard Brexit,” Arvind Ramnani, analyst at KeyBanc Capital Markets said, Like its peers, Accenture patek philippe cufflinks rose gold has been focusing on cloud computing, cyber-security and analytics to reduce its reliance on IT services, where margins are falling as clients demand more work for less money..

Accenture has spent about $3.4 billion over the last three years — nearly half of it in fiscal 2017 — on some 70 acquisitions, to boost its digital and cloud services in order to compete better with Cognizant (CTSH.O) and IBM (IBM.N). Much of the company’s recent growth has been driven by these services, which include everything from managing clients’ social media marketing strategies to helping them move operations to the cloud. Revenue from its digital, cloud and security-related services, which the company terms as “the New”, made up more than 60 percent of total revenue.

Net income attributable to the company rose to $1.03 billion, or $1.58 per share, from $932.5 million, or $1.48 per share, in the fourth quarter ended Aug, 31, a year earlier, Accenture’s profit beat the average analyst estimate of $1.56 per share, according to Thomson Reuters I/B/E/S, Net revenue rose to $10.15 billion, ahead of estimates of $10.01 billion, The company also raised its semi-annual cash dividend by 10 percent to patek philippe cufflinks rose gold $1.46 and said its board had approved an additional share repurchase program of $5 billion..

ISTANBUL (Reuters) - Several large Chinese companies, including tech giant Alibaba (BABA.N), are actively looking at opportunities in Turkey and have met with Turkish firms after the lira’s sell-off has made local assets cheaper, sources familiar with the talks said. The talks in Istanbul started in mid-August, when Turkey was at the height of its currency crisis, four sources said, declining to be identified because the information has not been made public. In addition to Alibaba, which earlier this year purchased Turkish online retailer Trendyol, other companies holding talks included China Life Insurance (601628.SS) and conglomerate China Merchants Group, three of the sources said.

“We met four Chinese groups in just a week, They held more than 20 meetings,” one of the sources said, adding that the meetings had been arranged by top U.S, investment banks, “They are looking into nearly everything.”, Alibaba declined to comment on future investment plans, patek philippe cufflinks rose gold China Life Insurance did not respond to a request for comment while China Merchants could not immediately be reached for comment, Chinese firms have shown interest in Turkey’s infrastructure, mining, energy, retail and insurance industries, three of the sources said..

The heightened Chinese interest comes as the world’s second-largest economy braces for an escalating trade war with the United States. LIRA SELL-OFF. Turkey’s lira has fallen some 40 percent so far this year, hit by concerns about President Tayyip Erdogan’s control over monetary policy and a diplomatic rift with the United States. The sell-off has deepened concerns about the outlook for the Turkish economy while depressing local asset prices. Turkish energy firms have been particularly hit hard, given that much of their debt and their import costs are denominated in foreign currency, while their revenues are in lira.

“Various China-based energy companies are interested in energy production plants that are having trouble servicing their financial debt,” one of the sources said, Despite the crisis, Turkey retains enviable demographics, making it particularly attractive for consumer-focused industries over the long term, It is home to some 80 million people and with one of the youngest populations in Europe, patek philippe cufflinks rose gold Chinese companies first showed interest in Turkey as part of China’s Belt and Road Initiative - a vehicle for Beijing to take a greater role on the international stage by funding and building global transport and trade links in more than 60 countries..

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