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.
