Accenture reported a second straight drop in quarterly new bookings on Friday and unveiled an organizational revamp to bolster its AI consulting services, as a cutback in U.S. government spending and economic uncertainty pressure growth.
The bookings decline overshadowed the consulting giant’s better-than-expected quarterly revenue and an increase in its annual forecasts, sending its shares down more than 6%.
Consulting and IT firms are under pressure as US tariffs and accompanying economic uncertainty force companies to rethink their spending plans,…