
Accenture has experienced a 7% drop in its stock value following warnings from CEO Julie Sweet regarding the impact of the Trump administration's cost-cutting measures on the company's federal consulting business. During the fiscal second-quarter earnings call, Sweet noted that the company has lost contracts with the U.S. government due to recent reviews, which have led to a slowdown in procurement actions. Despite these challenges, Accenture reported a 5% year-over-year revenue increase, driven in part by strong demand for its artificial intelligence services, which accounted for $1.4 billion in bookings—17% higher than the previous quarter and 133% year-over-year. The company raised its full-year revenue forecast, reflecting optimism about AI services, even as it navigates uncertainties in its federal business, which constitutes 16% of its U.S. operations. Accenture's Q2 revenue reached $600 million, up from $500 million in Q1, with total AI revenue for the first half of the fiscal year surpassing $1.1 billion, exceeding the $900 million generated for the entirety of the previous year.






The findings from our recent AI & Data Science Survey report offer a glimpse into the key trends for 2025, revealing opportunities and challenges for individuals and organizations alike. #DataScience #AI #ArtificialIntelligence https://t.co/uuXl2lOvN9
Accenture CEO says DOGE's cost-cutting drive is hitting business, as worry spreads among staff https://t.co/Pw55Hpxa5k
Accenture latest earnings report is a reminder that the consultancy is one of the current winners of generative AI wave, with $1B+ of AI-related bookings a quarter (~5% of total bookings). https://t.co/i3SpaTQJtZ