Accenture Spots Rise in Uncertainty in US

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.

- Jas Bardia

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.