Accenture ushers in holiday season with $1.2 billion in Gen AI orders
2 weeks, 6 days ago

Accenture ushers in holiday season with $1.2 billion in Gen AI orders

Live Mint  

Accenture Plc, the world’s largest software services company, secured $1.2 billion in generative AI bookings in the quarter-ended November 2024, bringing its total orders in the segment to $4.2 billion since September 2023. Accenture, which follows a September-August financial year, was the first software services company to state Gen AI deal value in June last year when it won $100 million in pure-play Gen AI projects in the quarter. $1-bn of projects in Aug qtr Accenture reported $1 billion in Gen AI projects in the three months ending August 2024, taking its total order bookings to $3 billion in a year. To put it in perspective, Accenture’s total order bookings from Gen AI are roughly the same as the FY24 revenue of LTIMindtree Ltd, India’s sixth largest software services company.

India Services Revenue Spending Billion Quarter Ai Gen Generative Ai Accenture Gen Ai Bookings Pricing Pressure  orders  ai  bookings  services  spending  gen  season  billion  ushers  holiday  accenture  revenue  quarter  growth  12

History of this topic

Companies expected to increase Gen AI investments by half this year
1 week, 1 day ago

Companies expected to increase Gen AI investments by half this year

Live Mint  

Companies worldwide are expected to spend 50% more on adopting generative AI technologies in 2025 compared to last year, according to a report from an American technology research and IT advisory firm. Last year, seven IT services firms, including Accenture Plc., Cognizant Technology Solutions Corp., and Capgemini SE, flagged the rise of AI and GenAI tools as a risk factor …

Accenture Q1 Results: IT major beats quarterly revenue estimates on strong genAI service demand
2 weeks, 6 days ago

Accenture Q1 Results: IT major beats quarterly revenue estimates on strong genAI service demand

Live Mint  

IT major Accenture surpassed the Wall Street revenue estimates on Thursday, December 19, as the company announced its first-quarter results, reported the news agency Reuters. Accenture Plc shares are trading 6.73 per cent higher at $371 as of 9:34 a.m., compared to its previous close of $347.61 per share. The IT firm raised its annual revenue forecast to grow between …

Accenture unveils $4 billion share buyback, lifts 2025 revenue guidance by 3-6% on AI-led order boom
3 months, 2 weeks ago

Accenture unveils $4 billion share buyback, lifts 2025 revenue guidance by 3-6% on AI-led order boom

Live Mint  

Accenture unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue driven by a high demand from companies looking to adopt generative artificial intelligence technology. Accenture hiked its annual revenue growth forecast to 3-6 per cent for 2025 after improving macroeconomic indicators and the US Federal Reserve's latest supersized interest rate cut. The Dublin-based company reported fourth-quarter revenue of …

Accenture posts full-year fiscal 2024 revenue of USD 64.9 billion
3 months, 2 weeks ago

Accenture posts full-year fiscal 2024 revenue of USD 64.9 billion

New Indian Express  

BENGALURU: IT services firm Accenture, which announced a USD 4 billion share buyback, has posted fourth-quarter revenues of USD 16.4 billion, an increase of 3 per cent. Its full-year fiscal 2024 revenues stood at USD 64.9 billion. The company's new bookings for the fourth quarter stood at USD 20.1 billion and USD 81.2 billion for the full year, a 13 …

Accenture forecasts Q2 revenue below estimates on muted IT spending
1 year ago

Accenture forecasts Q2 revenue below estimates on muted IT spending

Live Mint  

IT services provider Accenture forecast second-quarter revenue below Wall Street targets on Tuesday, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang. Accenture's revenue from the communications, media & technology industry group fell 10% in the first quarter, while sales from North America, the company's biggest market, fell 1%, to $7.56 billion. Tata Consultancy Services, India’s No.1 IT …

Discover Related