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North America
Accenture has reported a second straight drop in quarterly new bookings, citing a wariness among corporations to hire consultants. Consulting and IT firms are under pressure as U.S. tariffs and accompanying economic uncertainty force companies to rethink their spending plans. Books fell 6% to $19.7bn in the third quarter, missing the Visible Alpha estimate of $21.54bn. Additionally, said chief financial officer Angie Park, slower government spending will have an impact of 2% on its fiscal fourth-quarter and annual revenue, after recording an "immaterial" hit in the last quarter. Revenues for the third quarter ended May 31st came in at $17.7bn, beating analysts' average estimate of $17.30bn, according to data compiled by LSEG. Net income totalled approximately $2.2bn, or $3.49 per share, up from $1.93bn in the prior-year period. Separately, the New York company said it planned to bring its strategy, consulting, song, technology and operations services into a single unit called reinvention services. Accenture said it will continue to manage its business through three geographic markets – the Americas, EMEA and Asia-Pacific and go to market by industry. John Walsh, Accenture’s current global chief operating officer, will become chief executive of the Americas.
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