Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Accenture forecasts 2024 revenue growth above estimates on AI demand

[object Object]

Accenture forecasts 2024 revenue growth above estimates on AI demand

(Reuters) -IT services provider Accenture projected annual revenue growth largely above estimates on Thursday, as growing adoption of artificial intelligence offsets sluggish growth in enterprise spending, sending its shares up 3% in premarket trading.

Generative AI technologies used to automate certain operations are helping companies boost productivity and save costs.

Accenture has also been a go-to consultant and outsourcing service provider for businesses migrating their operations to the cloud, partially shielding the company from inflation-triggered IT budget cuts.

The company expects annual revenue to grow between 1.5% and 2.5%, compared with analysts’ expectations of 1.6%, according to LSEG data. It had earlier expected growth between 1% and 3%.

Revenue for the quarter ended May 31 stood at $16.47 billion, compared with estimates of $16.53 billion.

Its reported third-quarter profit of $1.93 billion, compared with $2.01 billion a year earlier.

Quarterly new bookings, a metric indicating value of customer contracts with a spending commitment, was $21.06 billion, compared with $17.25 billion a year ago. Accenture reported new bookings of $21.58 billion in the prior three-month period.

(Reporting by Akash Sriram in Bengaluru; Editing by Devika Syamnath)


Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post