Page 2 - Accenture

Accenture's guidance cut likely to weigh on Indian IT sector: Analysts

Companies likely heading to a slow start in FY25 as clients hold on to spending, they say

Accenture fans IT industry spending gloom with annual forecast cut

Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%

Accenture invests $1 bn in learning platform, to buy edtech firm Udacity

Udacity's team of more than 230 professionals will join Accenture LearnVantage

'A large part of our Gen AI asset development happens from india'

Ghosh speaks on the sidelines of Nasscom Technology Leadership Forum in Mumbai, and shares India's role in driving the GenAI strategy

Accenture to enhance Indo Count's biz operations using digital technologies

IT consulting firm Accenture is collaborating with Indo Count Industries to enhance the home textile manufacturer's business operations using digital technologies. This will help unlock efficiencies and new growth avenues, the release said but did not indicate the size of the contract. "As part of Indo Count's digital transformation and reinvention journey, Accenture will help to standardise, optimise and re-engineer its business processes. Targeted functions include manufacturing, supply chain, logistics, and procurement," the release said. Accenture will design, develop, and deploy a digital core using SAP S/4HANA Cloud (enterprise resource planning software). "Powered by data and analytics, the technology platform will help automate and digitise the company's operations enabling improved inventory management, quality standardisation, optimal energy consumption and sustainable growth, leading to enhanced customer experience," the release said. Indo Count Industries Ltd (ICIL) is

Accenture, TCS, Infosys, HCLTech continue to rule the IT brand list

Accenture has maintained its position as the world's most valuable IT services brand, with a brand value of $40.5 billion

Making technology more 'human' is the way forward: Accenture study

The report titled 'Accenture Technology Vision 2024: Human by design, how AI unleashes the next level of human potential' said that enterprises that prepare now will win in the future

Accenture GenAI offering sees momentum in Q1 FY24, signs $450 mn bookings

The growth trajectory in Q1 for GenAI is of significance for the top IT services players who are eyeing this segment as the next growth area

Accenture forecasts Q2 revenue below estimates on muted IT spending

Analysts expect IT services expenditure to remain muted in the near term as businesses typically decide their annual budgets only after February

Accenture launches GenAI studio in Bengaluru to boost adoption of data, AI

IT major has target of doubling AI talent to 80,000 people in the next three years

Sam Altman is said to be discussing return to OpenAI with company's board

Microsoft, which has invested $13 bn in OpenAI, is said to be leading the pressure campaign; however, due to openAI's unique structure, its investors have no say in who leads it

Salary hikes of major IT companies take a back seat amid weak demand

Accenture for instance will not be providing salary hikes to its employees in India and Sri Lanka this year, except in critical skill areas and where it is legally mandated

Accenture skips pay hikes and promotions in India and Sri Lanka this year

The US-based IT firm has cited challenging macro environment and slower growth than was initially planned as reasons for skipping pay hikes during the company's financial year (September to August)

Accenture guidance delays hopes of demand pick-up for Indian IT: Analysts

Nirmal Bang analysts suggest investors use the gains to pare positions if overweight, especially in the tier-2 IT pack

Accenture forecasts first-quarter revenue below Wall Street estimates

Infosys halved its full-year revenue forecast in July, citing delayed decision-making on future projects from clients, while Tata Consultancy Services also flagged soft demand

Accenture to transform beer company Bira91's technology platform

Programme will help Bira 91's systems to provide a single and integrated data model

Accenture's lowered guidance spells more trouble for IT sector: Analysts

Brokerages have maintained a cautious to negative stance on the Indian IT sector given Accenture's muted deal bookings, lagging demand in key verticals, and emerging pricing pressure

Tough times: IT consulting major Accenture may log subpar revenue in Q4

IT services companies across the globe are seeing a slowdown as some discretionary work is being cancelled or delayed

How to play the artificial intelligence theme in markets the Chris Wood way

That said, Chris Wood believes that the 'picks and shovels theme' for AI remains the most compelling story for now, which is why Nvidia remains his core holding despite valuation at 41x sales.

Accenture plans to pump in $3 billion for data and AI in three years

India will be crucial part of the plan, since it is one of the largest delivery centres of the company