Federal Contract Spending Cuts Bleed Accenture Stock Price

Federal Contract Spending Cuts Bleed Accenture Stock Price

Consulting groups that do big business with federal agencies are having a DOGE moment.  Accenture said during its earnings call last week that Department of Government Efficiency-led federal spending cuts were starting to hit sales. The company’s fiscal second-quarter report was otherwise positive, but its stock slid after the announcement, extending the decline since Inauguration Day to 15%. Terminated for Convenience “As you know, the new admi…

The agency Accenture Song has won its first major media budget, as a statement from Accenture CEO Julie Sweet in the context of the quarterly balance sheet.

Accenture boosts services with Soben agreement

A global consultancy firm has expanded its infrastructure and capital projects division with the acquisition of a Glasgow construction consultancy. Accenture has bought Soben, known for its expertise in data centre development and the pharmaceutical and energy sectors.  Bosses say the move will strengthen Accenture’s advisory, project, cost and commercial management services…

Accenture Sparks ‘Anxiety’ for Indian IT, But its Impact May Be Short-Lived – AIM

Accenture has been the most outspoken about reporting revenue and sales from generative AI. Now, the service consulting firm is also highlighting how the government and the recent federal changes have affected its revenue. This could have a significant impact on the upcoming Indian IT results. In its latest earnings call, Accenture reported a revenue of $16.66 billion for Q2, marking a 5.8% decline from the previous quarter, though still 5.4% hi…

Accenture feels the pain as Trump administration cuts consulting spend

Accenture, a Dublin, Ireland-headquartered management and technology consulting firm, is facing a reduction in federal contracts as the Trump administration looks to slash consulting spend. Shares of Accenture fell by more than 7% on Thursday as CEO Julie Sweet cautioned investors that the company faced “ongoing uncertainty” as the government shifted priorities.