The firm also reduced its earnings estimates on the company, which provides management consulting, technology, and outsourcing services, to $4.52 per share, from $4.53 per share for the 2014 full year.
Credit Suisse also cut its full year 2015 EPS forecast by 3% to $4.77, and decreased its full year 2016 earnings estimate to $5.20 from $5.42 per share.
The firm said it lowered its numbers on Accenture as it is facing negative currency and tax trends.
Separately, TheStreet Ratings team rates ACCENTURE PLC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate ACCENTURE PLC (ACN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, growth in earnings per share and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: