Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services.

Accenture cuts 19,000 jobs as IT spending slows

Sanjay PatilMarch 24, 23accenture, Jobs, Layoff

Accenture Corp lowered its annual revenue and profit forecasts and decided to cut about 2.5 percent of its workforce, or 19,000 jobs, in the latest sign that the outlook for the global economy is weakening, which has reduced the company’s IT services. More than half of the jobs to be cut will be in its non-billable business operations, Accenture said on Thursday, sending its shares up 6.4 percent. Since the end of last year, the technology sector has laid off hundreds of thousands of workers due to a downturn in…

Revenue rose 8.5% to $ 12.09 billion in the quarter ended Feb. 28, compared to analysts' estimate of $ 11.83 billion. REUTERS / Albert Gea / Files (REUTERS)

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Accenture Business Grows to Pre-Pandemic Levels, Increases Revenue Forecast

Sanjay PatilMarch 19, 21accenture

Computer consultancy Accenture said Thursday it had rebounded to pre-pandemic growth levels and increased its revenue forecast for the entire year as more businesses use its digital services to move their businesses. cloud operations. Shares of the company rose 4.1% to $275.05 in pre-release. After the COVID-19 pandemic forced companies to accelerate their move to the cloud, Accenture doubled its digital services by aggressively investing in technology. The company, which has clients across all industries including healthcare and financial services, acquired a number of cloud-focused businesses in the second quarter.…

Last week, Paytm called his temporary ban a "twist of the arms" tactic. Priyanka parashar / mint (MINT_PRINT)

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$271 billion in consumer spending to shift from cash to cards and digital payments by 2023 in India: Accenture

Adarsh V.KNovember 24, 20accenture, Google pay, Paytm

About 66.6 billion transactions worth $ 270.7 billion are expected to shift from cash to cards and digital payments by 2023 in India, and grow further to $856.6 billion by 2030, according to an Accenture report on Tuesday. This rapid shift to digital payments due to the COVID-19 pandemic urgently increases the need for banks to modernize their payment systems, the report titled ‘Playing the Long Game in Modernizing Payments’ said. The report is based on a survey of 120 payment managers at banks around the world regarding the transformation…