Accenture beats quarterly revenue estimate

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Accenture beat Wall Street expectations for first-quarter revenue on Thursday, driven by robust demand for its artificial intelligence-driven IT services, sending its shares up 2% in premarket trading.

The results indicate Accenture’s AI strategy is gaining traction, as enterprises accelerate efforts to embed the technology into workflows to cut costs and boost productivity.

But the company continues to face uneven demand from public sector and government clients amid a federal push to lower costs and refocus funds.

Accenture said new bookings for the…



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Accenture beats quarterly revenue estimate



Accenture beat Wall Street expectations for first-quarter revenue on Thursday, driven by robust demand for its artificial intelligence-driven IT services, sending its shares up 2% in premarket trading.

The results indicate Accenture’s AI strategy is gaining traction, as enterprises accelerate efforts to embed the technology into workflows to cut costs and boost productivity.

But the company continues to face uneven demand from public sector and government clients amid a federal push to lower costs and refocus funds.

Accenture said new bookings for the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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