“Not just one challenge; Accenture customers are in front of everything, everything at the same time '| Company Business News

Accenture plc. On Friday, Fortune 500 businesses upset by global conflicts and tariff wars hold back the spending of technology, which is asked to issue a subdued guidance for the current quarter. The subdued guidance has hampered investors, with shares of the world’s largest elimination of information technology trading 7.6% at $ 283 at 20:30 Indian time. The guidance could indicate further challenges for India’s IT services businesses of $ 283 billion, which began their financial year on a poor note. Accenture recorded turnover growth – 6% consecutive and 7.7% annually – up to $ 17.73 billion, but the company expects slower days ahead. The company expects an income of $ 17-17.6 billion in the fourth quarter (March to May). Accenture follows a financial year in September August, while Indian IT firms follow a calendar in April-March. The company cut 10,000 with 10,000 over the past quarter to finish with 790,000 employees. Accenture marked the threat to businesses of US President Donald Trump’s rates and policy-flip flops, together with the Iran-Israel conflict. This implies that new business may be more difficult to reach for Indian IT -Outsourcers, which will issue their quarterly earnings next month. “While sharing over the past quarter, we still see a significantly increased level of uncertainty in the global economic and geopolitical environment compared to the calendar year 2024,” said Julie Sweet, chairman and CEO of Accenture, at the company’s company’s earnings conference. The IT Services Company did not increase the top of its 7% growth for the full year, reflecting its view on the macro economic environment. Accenture expects to spend up to $ 1.5 billion on acquisitions during this fiscal. Management said about 3% of its full year growth of 7% of acquisitions is expected. Sweet added that customers face multiple challenges at the same time. “In every boardroom and every industry, our clients do not face a single challenge; they are at the same time, economic volatility, geopolitical complexity, great shifts in clients’ behavior,” she said. Accenture’s dull Outlook has a further uncertainty for India’s five largest software service providers, including Tata Consultancy Services Ltd, Infosys Ltd, HCl Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd, which struggled to fall in more than $ 1 billion. A declining large order book is further expected to ask Questions about the readiness of Indian It to defend the macro -economic storm. A third of Accenture’s quarterly turnover comes from its software products business. Sweet added that the break was short in technical spending and that clients wanted to be the first to adopt artificial intelligence (AI). “I talk to CEOs every day, and you know, there was this whole story about a break and sitting on the sidelines. And I would tell you, it was very short. Our clients have moved from break to focus and leapfrog, ‘says Sweet. Earlier, an analyst said Accenture could have trouble tackling transactions in the second half of the fiscal. “In addition, we believe that Accenture is facing difficult discussions in 2hfy25, creating a difficult setup in a clumsy background,” said BMO Capital Market analyst Keith Bachman. Bachman added that ‘the economic environment has weakened modestly as a whole’, indicating that times may be more difficult for IT -Outsourcers, as clients hold back their technical spending. However, a bright place in the company’s report card was the Genai (generative artificial intelligence) order book. Accenture obtained $ 1.5 billion in the quarter to new Genai bookings, accounting for almost 8% of its total $ 19.7 billion order bookings for the quarter. In the same quarter, Accenture received an income of $ 700 million from Gen AI projects. So far, the company has taken its total assignment in Gen AI to $ 7.1 billion since September 2023. In terms of context, Accenture’s total order discussions from Genai alone are more than the FY25 income of Tech Mahindra Ltd, India’s fifth largest software services business. Tech Mahindra ended the last fiscal with an income of $ 6.26 billion. Accenture was the first software services business that called its genuine agreement. This is in contrast to homemade IT service providers, which still set out revenue or confirmed orders from the new technology.