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Accenture leans on cloud, data to prepare for generative AI

October 2, 2023

Via: CIO Dive

Accenture felt the sting of slowing growth as customers trimmed discretionary spend and paced tech investments in a year clouded by macroeconomic uncertainty.

The company saw revenue growth contract to 4% year over year in the final quarter of its fiscal year, a far cry from the previous year’s 15% increase. Revenue for managed services grew 10% year over year, offsetting a 2% decline in consulting.

As mixed economic signals persist, the tech industry has turned to generative AI to spark revenue growth.

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