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Accenture Spots Rise in Uncertainty in US
Mint Bangalore
|March 21, 2025
Accenture Plc became the first IT industry major to call out macroeconomic uncertainty in the US, the world's top technology market, during a post-earnings interaction with analysts on Thursday.
The early alert, coming in the backdrop of disappointing quarterly earnings in the second quarter (December-February) of the world's biggest information technology (IT) services company, signals possible tough times ahead for both global as well as the Indian IT industry. Accenture follows a September-August financial calendar.
"In recent weeks, we are seeing an elevated level of what was already significant uncertainty in the global economic and geopolitical environment, marking a shift from our first quarter FY25 earnings report in December," said Julie Sweet, chief executive of Accenture, as part of her prepared comments in the company's post-earnings call.
This gloomy outlook comes on the back of high lending rates, geopolitical uncertainty, and threats of additional tariffs by the new Donald Trump administration in the US.
This story is from the March 21, 2025 edition of Mint Bangalore.
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