Şunun için etiket arşivi: Reinvention Services

Accenture (ACN.N) reported a second consecutive decline in new bookings for the quarter on Friday, overshadowing its better-than-expected revenue results and a raised annual forecast. The consulting and IT firm is facing headwinds from reduced U.S. government spending and broader economic uncertainty, which have led to cautious client budgets and slower contract growth.

The company’s bookings—contracts secured for future revenue—fell 6% to $19.7 billion in the third quarter, missing analyst expectations of $21.54 billion and worsening from a 3% decline in the previous quarter. The number of clients with bookings exceeding $100 million dropped slightly to 30 from 32, while bookings related to generative AI reached approximately $1.5 billion.

Accenture’s CFO Angie Park highlighted that slower U.S. government spending will reduce fiscal fourth-quarter and annual revenue by around 2%, following only a minor impact in the prior quarter. Analyst Dan Coatsworth from AJ Bell noted that while earnings grew, investors are focused on future challenges, especially amid ongoing government budget cuts and contract delays.

In response, Accenture unveiled an organizational revamp to strengthen its AI consulting capabilities by creating a new business unit called Reinvention Services. This unit, led by Manish Sharma, head of Accenture’s Americas business, will consolidate the company’s AI offerings to better serve client needs amid the evolving market.

For the quarter, Accenture posted revenue of $17.7 billion, beating estimates of $17.3 billion, driven mainly by increased spending from financial services clients. Earnings per share of $3.49 also exceeded expectations of $3.32. The company raised its annual revenue growth forecast to between 6% and 7%, up from a previous estimate of 5% to 7%.