Accenture Sparks ‘Anxiety’ for Indian IT, But its Impact May Be Short-Lived

Accenture's results come as India’s top five IT firms prepare to release their financials next month, with some struggling to maintain growth and others slipping into negative territory in recent quarters.
Accenture
Image by Mohit Pandey
Accenture has been the most outspoken about reporting revenue and sales from generative AI. Now, the service consulting firm is also highlighting how the government and the recent federal changes have affected its revenue. This could have a significant impact on the upcoming Indian IT results. In its latest earnings call, Accenture reported a revenue of $16.66 billion for Q2, marking a 5.8% decline from the previous quarter, though still 5.4% higher than the same period last year.  The results come as India’s top five IT firms prepare to release their financials next month, with some struggling to maintain growth and others slipping into negative territory in recent quarters. However, a key factor in the revenue slowdown stems from uncertainty in US government contracts, wh
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Mohit Pandey
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.
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