Frugal retail clients prompt Accenture warning on weak consulting business

After a pandemic-led boom, spending on IT and transformation projects is slowing as companies prioritize projects that deliver stronger return-on-investments in an uncertain economy.

Sweet said Accenture's strategy and consulting business would decline slightly in the second quarter. She added clients were still spending on technology, cloud services and on projects that helped cut costs, but advertising and marketing initiatives were shrinking, and retailers had cut back majorly.

There will be softer demand for new consulting projects in fiscal 2023, said Julie Sharma, equity analyst at Morningstar.

Consulting orgs, especially McKinsey are grifters anyway

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks making the biggest moves premarket: Accenture, Winnebago, Maxar Technologies and moreThese are the stocks posting the largest moves before the bell. Pumping stocks for your friends on Wallstreet again? GaryGensler TheJusticeDept MahsaMohammadi, a microbiology student from Sabzevar, was kind append by IR security forces 50 day ago. Shi is facing the death penalty for the useless charge of blasphemy against Islamic sanctities. Be her voice. UN CNN Can u hear us ?! MahsaAmini IranRevoIution Done..
Source: CNBC - 🏆 12. / 72 Read more »