Accenture ups FY25 revenue guidance by 3-6%; unveils $4 bn share buyback
IT services giant records 3% increase in the fourth quarter revenue in USD at $16.4 bn; revenue for the whole year up 1% at $64.90 billion
IT services giant records 3% increase in the fourth quarter revenue in USD at $16.4 bn; revenue for the whole year up 1% at $64.90 billion
The BSE IT index declined nearly 2% today, led by index heavyweights HCL Technologies, Wipro, Infosys, TCS, and Tech Mahindra.
U.S.-based Accenture gave a bleak revenue growth guidance of 2-5% year-on-year in constant currency terms for the financial year 2023-24 (FY24).
Women leaders advise on handling own money — Take charge of your finances; start early.
Shares of TCS, Infosys, Wipro, HCL Technologies, and Tech Mahindra fell up to 2%, in sync with a weak broader market.
Accenture to double AI talent to 80,000 people; its Indian rivals TCS and Infosys are also investing heavily to create platforms using GenAI technologies
According to the company’s SEC (Securities and Exchange Commission) filing, Accenture had approximately 7,38,000 workforce as of February 28, 2023.
New bookings for Accenture in the first quarter were $16.22 billion, a 3% decrease in US dollar.
80% of survey respondents said they intend to maintain or increase their spend on areas related to health and fitness in the next year.
Indian software services firms have outpaced their rivals from the United States in brand value growth over the past two years.