Reported about 11 hours ago
Accenture experienced a second consecutive drop in quarterly new bookings, attributed to decreased U.S. government spending and economic uncertainty, overshadowing its better-than-expected revenue and increased annual forecasts. To counter this trend, the consulting firm announced a strategic reorganization focusing on AI consulting, creating a new unit called reinvention services. Despite the booking decline, Accenture reported strong third-quarter revenue and profit per share, prompting a more optimistic annual revenue growth forecast.
Source: YAHOO