Financial Times (March 20)
2025/ 03/ 22 by jd in Global News
Though Accenture “did not cut its full-year earnings guidance, as some analysts had expected,” the consulting group “has warned that Elon Musk’s efforts to slash US government spending have started to affect its revenues.” It also highlighted “threats from global economic uncertainty.” Government contracts account for approximately 8% of Accenture’s revenue, and the firm’s shares “are now down 15 per cent since Trump’s inauguration in January.”
Tags: Accenture, Analysts, Consulting, Earnings guidance, Economic uncertainty, Expected, Government spending, Musk, Revenues, Shares, Slash, Threats, Trump, U.S.
