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On August 7, 2024, the Accenture signboard was drawn in Warsaw, Poland.
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Shares Accent On Thursday, after the consulting firm stated that efforts to strengthen federal costs began to weigh their income.
The shares were knocked down by 7.3% after the Chief Executive Director of Accenture said in the financial salary in the second quarter called that the federal business company had lost contracts with the US government after recent reviews.
“The federal made up about 8% of our world revenues and 16% of our America’s revenue in 2024. As you know, the new administration has a clear purpose to manage the federal government more effectively. There are many new procurement actions slowing down, which has a negative impact on our sales and revenues,” the executive director said on Thursday.
Accenture is one of the first corporate US giants to affected the so -called government efficiency of the Trump administration, efforts led by billionaire Elon Musk Reduction of federal agencies And consolidate your office premises.
Sweet said that Federal Services Accenture also influenced the recommendations of the US General Services Administration to all federal agencies to review their contracts with the top 10 high -paying consulting firms that are contracting with the US government and then ending contracts that are not considered critical by the relevant agencies.
“Although we still believe that our work for federal clients is a critical mission, we believe that constant uncertainty when government priorities are developing and these estimates are unfolding,” said Solo.
“We are seeing an increased level of what was already significant uncertainty in the global economic and geopolitical environment, which marks the transition from our income report in the first quarter of 2025 in December,” Solod added. “At the same time, we believe that the basics of our industry remain strong.”
Concerns of investors’ concerns about the risks related to the slowdown in US government expenses exceeded the prevailing quarterly profit and the results of the revenue, which expected to be made before the open market on Thursday. The company reported a profit of $ 2.82 per share for a profit of $ 16.66 billion, which is only higher than expectations of $ 2.81 per share for income from $ 16.62 billion for facts.
Over the last month, Accenture shares have been plunged by 22.9%, which has fallen by almost 14.5%today.
Shares of a consulting firm Buz Allen Hamilton On Thursday, sympathy slipped by 8.1%.
