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Accenture raises revenue outlook on strong AI, cloud demand
Accenture has revised its annual revenue forecast, increasing the lower end of its growth expectation for the fiscal year.
The company now anticipates revenue growth of 5% to 7%, an increase from its previous estimate of 4% to 7%.
This adjustment is attributed to strong demand for Accenture’s services, including cloud migration, AI-driven digital transformation, and data security.
Additionally, the firm has secured multiple large-scale projects and partnerships in sectors such as banking, telecommunications, and sports.
Recent Accenture developments
| Timeline |
|---|
| 20-Dec-2024 📈 Accenture Q1 FY25 revenue hits $17.7b amid genAI demand Accenture’s Q1 revenue hits $17.7B, exceeding forecasts, driven by genAI demand and boosted bookings of $18.7B. |
| 05-Dec-2024 👩💼 Accenture’s free tech programs target 10,000 SG women Accenture launches ‘Women of Worth’ program in Singapore, offering free training for 10,000 women to aid workforce re-entry. |
| 21-Dec-2023 📈 Accenture set to acquire Jixie to boost marketing capabilities in Indonesia Accenture plans to acquire Jixie to enhance its marketing capabilities and boost customer engagement in Indonesia. |
| 14-Jun-2023 🤖 In 50 Words: Accenture to double AI staff, invest $3b in Data & AI practice Accenture plans to double its AI staff to 80,000 and invest $3B in AI, focusing on generative AI for client strategies. |
| 23-Mar-2023 💼 Accenture to retrench 19,000 positions globally Accenture plans to lay off 19,000 employees, affecting 2.5% of its workforce, while continuing to hire for growth areas. |
| 07-Jul-2022 🚀 Thailand’s Robinhood ties up with Accenture to boost super-app bet Robinhood partners with Accenture to enhance its super-app strategy and boost ad tools for merchants in Thailand. |
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