Accenture Shares Plummet Amid Federal Spending Cuts

5 months ago
3

Accenture's shares have plummeted 7.3% following a revealing report on tightening federal spending. CEO Julie Sweet announced that the consulting giant's Federal Services division has lost critical U.S. government contracts, as procurement reviews slow down. With the Trump administration's focus on downsizing federal agencies, Accenture is feeling the impact. Despite reporting better-than-expected earnings, concerns about a 22.9% drop in shares over the last month loom large. What does this mean for the future of Accenture? Watch now to get the latest insights!

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