Accenture earnings

[ad_1] On March 21, the leading IT services provider globally revised down its revenue forecast for fiscal year 2024, citing economic uncertainty. This adjustment comes as clients have scaled back spending on consulting services. Accenture’s updated outlook now anticipates full-year revenue growth to range between 1 percent to 3 percent, a reduction from its earlier projection of 2 percent to 5 percent. Read here: Accenture secures $1.1 billion GenAI…

[ad_1] Were you among the optimistic investors hoping for a revenue revival in the Indian information technology (IT) sector in FY25? If yes, then Accenture’s Q2FY24 earnings should provide a reality check.  The earnings of Accenture, which follows a September-August financial year, are often seen as an indicator of future performance of large Indian IT companies. And the Q2FY24 earnings bring anything but good news. Sequential constant currency revenue…