Accenture

The company now expects annual revenue growth to be in the range of 8% to 10% in local currency.

“Current woes in the banking sector can impact sequential growth by 1-2 percent in Q1 FY24,” it added. Kotak Institutional Equities had already warned of a negative impact on the IT sector following the banking woes in US and Europe. Sanchit Vir Gogia, CEO and Chief Analyst at Greyhound Research said, “IT companies are experiencing pressure on all sides. “This will likely impact growth for Indian IT in H1 FY24, and bring down overall growth for FY2024. The company has trimmed its FY23 revenue growth guidance band at the upper end, amidst worries that recession-wary enterprises will cut technology budgets. [Accenture ](https://www.thehindubusinessline.com/info-tech/accenture-to-acquire-industrial-ai-company-flutura/article66644992.ece)said in an SEC filing Thursday.

Accenture Plc said on Thursday it would cut about 19000 jobs and lowered its annual revenue and profit projections.

Accenture layoffs: The company also trimmed its annual revenue growth and profit forecasts on Thursday, amid worries that recession-wary enterprises will ...

"Flutura democratizes AI for engineers. - [ Business Standard App ](/app) for latest [Business News](/) and [ Market News ](/markets).

More than half of the layoffs will affect staff at its non-billable corporate functions, Accenture said, sending its shares up more than 4% before the bell.

said Erik Bradley, chief engagement strategist at the technology market research firm. More than half of the layoffs will affect staff at its non-billable corporate functions, the company said, sending its shares up more than 4% before the bell. More than half of the layoffs will affect staff at its non-billable corporate functions, Accenture said, sending its shares up more than 4% before the bell. Accenture said it now expects earnings per share to be in the range of $10.84 to $11.06 compared to $11.20 to $11.52 previously. Accenture now expects annual revenue growth to be between 8% and 10% compared to the previous projection of 8% to 11% increase. Accenture Plc on Thursday lowered its annual revenue and profit forecasts and said it would cut about 2.5% of workforce, or 19,000 jobs, the latest sign that the

Accenture Layoffs: माना जा रहा है मंदी से आशंका से परेशान उद्यमों को देखते हुए और प्रौद्योगिकी ...

Accenture Lay off: आईटी दिग्गज एक्सेंचर द्वारा आने वाले दिनों में कुल वर्कफोर्स का 2.5 फीसदी ...

आईटी कंपनी का ये कदम अमेरिकी फेडरल रिजर्व द्वारा ब्याज दरों में 25 बेसिस प्वाइंट की बढ़ोतरी के एक दिन बाद आया है. रॉयटर्स की रिपोर्ट के मुताबिक, आईटी क्षेत्र की प्रमुख कंपनी एक्सेंचर ने अपने रेवेन्यू और प्रॉफिट के पूर्वानुमान को भी कम कर दिया है. कंपनी की ओर से जारी बयान के मुताबिक, ये छंटनी चरणबद्ध तरीके से अगले 18 महीनों में की जाएगी.

Accenture Layoff Update: बीते एक हफ्ते में मेटा, अमेजन के बाद एक्सेंचर तीसरी कंपनी है जिसने इतने ...

पिछले हफ्ते फेसबुक (Facebook) की पैरेंट कंपनी मेटा ( Meta) ने फिर से 10,000 कर्मचारियों की छंटनी का एलान किया है. कंपनी ने कहा 23 मार्च 2023 को कहा है कि बिगड़ते वैश्विक आर्थिक आउटलुक को देखते हुए कंपनी 19,000 कर्मचारियों की छंटनी करने जा रही है. कंपनी ने कहा 23 मार्च 2023 को कहा है कि बिगड़ते वैश्विक आर्थिक आउटलुक (Global Economic Outlook) को देखते हुए कंपनी 19,000 कर्मचारियों की छंटनी करने जा रही है.दिग्गज आईटी कंपनी एक्सेंच्योर भी कर्मचारियों की छंटनी की तैयारी में है.

एक्सेंचर (Accenture) ने अब अपनी सालाना रेवेन्यू ग्रोथ 8 से 10 फीसदी के बीच रहने का अनुमान ...

Accenture ने कहा कि वह अपने अर्निंग प्रति शेयर (EPS) के 10.84 से 11.06 डॉलर प्रति शेयर के बीच रहने का अनुमान कर रही है, जो इसके पहले 11.20 डॉलर से 11.52 डॉलर के बीच था। एक्सेंचर (Accenture) ने अब अपनी सालाना रेवेन्यू ग्रोथ 8 से 10 फीसदी के बीच रहने का अनुमान जताया है। जबकि इसका पिछला अनुमान 8 से 11 फीसदी का था। साथ ही कंपनी ने तीसरी तिमाही के रेवेन्यू के लिए अपना अनुमान घटाकर 16.1 अरब डॉलर से 16.7 अरब डॉलर के बीच कर दिया है। दिग्गज आईटी कंपनी एक्सेंचर (Accenture) ने सालाना रेवेन्यू और प्रॉफिट के अनुमान को घटा दिया है। साथ ही कंपनी ने यह भी कहा कि वह आने वाले महीनों में अपने 2.5 फीसदी या 19,000 कर्मचारियों की छंटनी करेगी। Accenture का ये बयान एक और संकेत है कि ग्लोबल लेवल बिगड़ते आर्थिक हालात के बीच कॉरपोरेट जगत ने आईटी सेवाओं पर खर्च को घटाना शुरू कर दिया है। कंपनी ने कहा कि आधे से अधिक छंटनी उन कर्मचारियों की होगी, जो किसी क्लाइंट के प्रोजेक्ट से नहीं जुड़े हैं। Accenture के इस ऐलान के बाद इसके लिए 4 फीसदी से अधिक लुढ़क गए। बता दें कि एक्सेंचर, न्यूयॉर्स स्टॉक एक्सचेंज पर लिस्टेड कंपनी है।

Accenture Plc, the Irish-American IT company has announced to slash its working force by 19000. This comes amid a worsening global economic outlook and the ...

The company is also expecting a considerable dip in its annual revenue amid speculations that global companies might look forward to slashing their IT budgets amid the financial crisis. Accenture has asked its 19,000 employees to tender their resignations as the global economic outlook worsens. Accenture Plc, the Irish-American IT company has announced to slash its working force by 19,000.

International Business News: IT services firm Accenture Plc on Thursday said it would cut about 19000 jobs and lowered its annual revenue and profit ...

The job cuts started in 2022 and accelerated across much of the technology world. The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. "Streamlining operations expected to result in the departure of approximately 19,000 people over the next 18 months.

दिग्गज IT कंपनी एक्सेंचर (Accenture) कर्मचारियों की छंटनी करने जा रही है। कंपनी ने गुरुवार ...

18 महीने में होगी कर्मचारियों की छंटनी लगभग 1,046 टेक कंपनियों ने पिछले साल 1.61 लाख से ज्यादा कर्मचारियों की छंटनी की। जनवरी में लगभग 1 लाख तकनीकी कर्मचारियों ने वैश्विक स्तर पर नौकरी खो दी, जिसमें अमेजन, माइक्रोसॉफ्ट, कंपनी की कमाई में कमी

Accenture Plc plans to fire at least 7000 of its about 350000 employees in India as the world's largest technology services company prepares to let go of ...

Accenture on Thursday lowered its annual revenue and profit forecasts and said it would lay off 2.5% of workforce, or 19000 employees.

[Subscribe](https://economictimes.indiatimes.com/subscription?newslettertype=div_3125&email=2&utm_source=newsletter&utm_medium=email&utm_campaign=DailyTop5)to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox. Sweet added that despite pressure in North America, the company sees good growth in Europe and other markets. In North America, the communications and media spend is also under pressure, they added. The consulting firm reported adjusted earnings per share of $2.69 for its second quarter ended in February. The management added that it saw some pressure on smaller deals, especially in North America and in the consulting segment. “These actions are expected to impact roughly 2.5% or 19,000 of our current workforce, of which over half are non-billable corporate functions... “The people's impact is estimated to be 2.5% of our current global workforce. “We do feel good about our pipeline, even after our record bookings this quarter, our sales outlook for Q3 is solid. [layoffs](/topic/layoffs)by the big tech sector in North America where companies like Amazon, Microsoft, Meta among others have announced multiple rounds of layoffs. But we've also been doing that with cost efficiencies and digitising. We've been doing that with pricing. “We've been dealing with the difficult challenges of compounding wage inflation.

Accenture layoffs: IT services firm announces 'departure of 19000 people' to save costs and streamline functions.

Even though the company reported a strong Q2 performance, it reduced the higher end of its revenue guidance for the financial year. Commenting on the demand environment, K C McClure, chief financial officer, said: “We do feel good about our pipeline and even after a solid booking this quarter and our sales outlook for Q3 is strong. We have skills and all the people we need to deliver ... Managed services revenues were $7.54 billion, an increase of 12 per cent in US dollars. In 2022, the company said it had 300,000 people in India, about 40 per cent of the total workforce. Of the 19,000, over half are from non-billable functions with more than 800 of its 10,000 leaders across services and markets. [Accenture](/topic/accenture) joins the list of [companies](/companies) that have announced layoffs. We see that being the same for Q2 and Q3. It could not be ascertained what the immediate impact would be on the company’s India operations. “In the previous two quarters we added 28,000 people. She added: “We’ve also been doing that with cost efficiency and digitisation. [Accenture](/topic/accenture) has announced it will lay off 19,000 people, or 2.5 per cent of its headcount, on account of wage inflation and cost streamlining.

Accenture से पहले Meta और Amazon भी बड़ी संख्या में कर्मचारियों की छंटनी कर चुकी है।

इसके अलावा फेसबुक (Facebook) की कंपनी मेटा (Meta) भी एक बार फिर कर्मचारियों की छंटनी करने जा रही है। एक रिपोर्ट में दावा किया गया है कि मेटा इस बार 10000 कर्मचारियों की छंटनी करेगी। एक्सेंचर के साथ ही अमेजन (Amazon) भी एक बार फिर कर्मचारियों की छंटनी करने जा रही है। अमेजन ने बताया है कि दूसरे राउंड में करीब 9000 कर्मचारियों की छंटनी की जाएगी। कंपनी ने एक बयान में ऐलान करते हुए कहा है कि वह करीब 2.4 प्रतिशत कर्मचारियों की छंटनी करने जा रही है। यह छंटनी कंपनी के खर्च में कटौती करने के लिए की जा रही है।

News of the layoffs come as the IT juggernaut released the financial results of its second fiscal quarter of 2023 today. The Dublin-based IT services and ...

[Accenture CEO Julie Sweet](https://www.crn.com/news/running-your-business/accenture-ceo-julie-sweet-it-growth-to-exceed-macro-impacts) during the company’s financial earnings report today. This was led by a 12 percent growth rate in its managed services sales that helped offset a 1 percent decline in consulting revenue. The Dublin-based IT services and consultancy superstar generated sales of $15.8 billion, representing 5 percent growth year over year. “Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 percent of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,” Accenture wrote. Securities and Exchange Commission. ‘Over the next 18 months, these actions are expected to result in the departure of approximately 19,000 people (or 2.5 percent of our current workforce), and we expect over half of these departures will consist of people in our non-billable corporate functions,’ Accenture said.

Infosys and Tech Mahindra are Nomura India's top picks in the large cap IT space. It likes Coforge and Persistent Systems in the mid cap space.

[Old vs New Tax Regime? MOST READ TCS, HCL Tech, andInfosys remain our preferred picks in the Tier I IT space," it said. The consulting business has seen moderation in both deal intake and revenue growth, but managed services sustained its strong growth momentum, Emkay said. "We maintain our positive stance on the sector, and expect a sustainable strong demand environment to drive strong earnings growth for the sector over the next three years." "Accenture delivered record-high bookings during the quarter. "At the beginning of FY23, Accenture expected the Consulting segment to grow in high-to-mid-single digit, but now it expects consulting to grow in mid-single digit. Nomura India said it remains concerned on the demand outlook for Indian IT services and expect 300 bps slower revenue growth (at 8.2 per cent YoY) in FY24 against FY23 estimates for large-caps. It expects operating performance to vary significantly across companies in FY24. Accenture has trimmed its top end of FY23 revenue constant currency (CC) revenue growth guidance to 8-10 per cent from 8-11 per cent, which was lower than what Dalal Street had been building in. Conversely, despite macro headwinds, Outsourcing is expected to grow in double-digit (as guided earlier) as demand continues to be resilient since clients continue to invest in tech to improve efficiency and drive transformation," it said. It reported $15.81 billion of revenue for the second quarter -- up 9 per cent YoY in CC terms, which was towards the top end of its guidance band of 6-10 per cent.

Of the 19000 employees it will lay off, Accenture said over half will be in non-billable corporate functions. With around 40% of Accenture's talent pool ...

McClure said the company is going after structural costs to ensure it is in a better position. This is part of the $1.5 billion the company will incur towards business optimisation costs in FY23 and FY24. The company net headcount addition quarter-on-quarter has remained flat, with the headcount at 7,38,000, and annualised voluntary attrition down to 12 percent from 13 percent in the same period. This may differ by market and by country, as a consequence of our different footprint and growth, and should not be taken as a figure applicable to all geographies," the company said in a statement. The company expects to incur $1.2 billion in employee severance and other personnel costs — $500 million in FY23 and $700 million in FY24. Of the 19,000 employees it will lay off, Accenture said over half will be in non-billable corporate functions.

The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. Analysts on average were expecting revenue of $16.64 billion, ...

The company now expects annual revenue growth to be in the range of 8% to 10% in local currency, compared to 8% to 11% expected previously. The company forecast current-quarter revenue in the range of $16.1 billion and $16.7 billion. [Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The consulting firm reported adjusted earnings per share of $2.69 for its second quarter ended in February. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Accenture said it now expects earnings per share to be in the range of $10.84 to $11.06 compared to $11.20 to $11.52 previously. The return to normalcy from the pandemic has turned out costly for households with office and school requirements triggering a spike in prices of items such as shirts, trousers, shoes, coats and school uniforms among others. With debt repayments up to $2 billion maturing by June, billionaire Anil Agarwal-led Vedanta Resources Ltd (VRL) has reached out to investors for a strategic stake sale of up to 10% in India-listed Vedanta Ltd (VEDL), said people with knowledge of the matter. [Vedanta Likely in Talks to Sell 10% in India Unit](/epaper/delhicapital/2023/mar/24/front-page/vedanta-likely-in-talks-to-sell-10-in-india-unit/articleshow/98952663.cms) The company also said it would cut about 19,000 jobs and lowered its annual revenue and profit projections, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. Revenue came to $15.81 billion, up 9% from the same period the prior year in local currencies. Analysts on average were expecting revenue of $16.64 billion, according to Refinitiv data.

सॉफ्टवेयर सेक्टर की दिग्गज कंपनी एक्सेंचर (Accenture) ने गुरुवार को कहा कि वह आर्थिक ...

लेकिन हम लागत क्षमता और डिजिटलीकरण के साथ भी ऐसा कर रहे हैं." वहीं, ईटी ने एक्सेंचर के प्रवक्ता के हवाले से कहा, “हमारी ग्लोबल वर्कफोर्स के करीब 2.5% कर्मचारियों के प्रभावित होने का अनुमान है. हम मूल्य निर्धारण के साथ ऐसा कर रहे हैं.

ఇప్పటికే లక్షలాది మంది ఉద్యోగులు తమ ఉపాధిని కోల్పోయి అగమ్యగోచర స్థితిలో ఉన్నారు.

ఇప్పటికే లక్షలాది మంది ఉద్యోగులు తమ ఉపాధిని కోల్పోయి అగమ్యగోచర స్థితిలో ఉన్నారు. కంపెనీ ఖర్చులను నియంత్రించేందుకు ఉద్యోగులను తొలగిస్తున్నట్లు యాక్సెంచర్ పేర్కొంది. యాక్సెంచర్ ఏకంగా 19 వేల మంది ఉద్యోగులను ఇంటికి పంపుతున్నట్లు తెలిపింది.

Accenture's recent layoffs are part of a trend towards preparing for a possible market slowdown and softening revenue growth, says Mohandas Pai, Chairman of ...

All these are interplay of market forces, these things have happened, this is going to happen and it will happen in the future. So to put this in clearer terms, it is not like they need to layoff all of these people, it looks good to investors! They are saying that we know what is happening and we are taking steps and it is good news. I see a great degree of caution, instability in the marketplace and that is what it is. So before analysts start asking them, what they have done, what is slow, they are taking precautionary steps and that is pretty good. The uncertainty is causing people to be very cautious and that is why people are not hiring and are laying off people who can be shed easily and keeping the guns dry. We have to wait and see what happens. Now, attrition would have come down and people who have made commitments in anticipation of higher attrition that would have come down. What is the Indian impact that you are seeing? They have also said half of this is in non-project kind of roles. People are getting ready and that is okay. So even for Accenture, it is 2.5% and normally in every year, they let go 1.5% to 2% of people for bad performance.

IT major Accenture announced 19000 job cuts on Thursday. This comes in as the company lowered its growth and profit projections in its earnings call amid ...

RECOMMENDED Yeshab Giri, Chief Commercial Officer of Randstad Technologies told Business Today, “Indian tech companies are currently undergoing significant restructuring in their workforce to manage costs effectively amidst recessionary trends in the west. But some industry insiders are still optimistic. Mishra explained, “ This development will undoubtedly impact some Indian IT workers as well.” Does this mean it's time to expect job cuts at Indian IT companies as well? In the same time period Infosys witnessed net employee addition of 54, 396; Wipro hired 45,416, and HCL Technologies hired 39,900 employees, all unprecedented numbers in the history of Indian IT companies. Shantanu Rooj, founder and CEO of TeamLease Edtech told Business Today, “During the Covid-induced digitalisation optimism, most tech companies overhired and overstaffed themselves expecting a demand boom. Aditya Narayan Mishra, Managing Director and CEO of CIEL HR Services told Business Today, “Accenture increased its workforce by 40 per cent in two years anticipating huge demand in the IT/ITes sector. Tata Consultancy Services (TCS) hired 1,03,546 during FY 2021-22, recording the highest number of net employee additions in a single year by an Indian IT company. Does this mean similar cutbacks can also be expected at Indian IT majors? This comes in as the company lowered its growth and profit projections in its earnings call amid recessionary fears and global headwinds. Indian IT companies, like

India's IT professionals are writing about their worries on a community app after international firm Accenture said on Thursday it will lay off 19000 ...

Accenture’s management said that for a record quarter (Q2), the company managed to deliver with the existing talent base. [Accenture](/topic/accenture) said on Thursday it will lay off 19,000 employees globally. [Accenture](/topic/accenture) said that as part of its second quarter of fiscal 2023 results, cost optimization efforts will impact 2.5 per cent or 19,000 of its 738,000 employee base. We see that being the same for Q2 and Q3. [companies](/companies) may also look at similar action. Accenture said that its hiring for Q3 will probably be minimal.

Accenture Layoff: मंदी की आशंका के बीच दिग्गज आईटी कंपनी एक्सेंचर (Accenture) ने डेढ़ साल के भीतर 19 ...

हाल में आईटी सेक्टर की कई दिग्गज कंपनियों ने भारी संख्या में कर्मचारियों को नौकरी से ...

हाल में कई दिग्गज टेक कंपनियों ने कर्मचारियों की छंटनी की है. मेटा ने पैसे बचाने के नाम पर 10 हजार और कर्मचारियों की छंटनी करने की घोषणा की थी. टेक कंपनियों में कर्मचारियों की छंटनी करने के मामले में अब एक्सेंचर (Accenture) का भी नाम जुड़ गया है. एक्सेंचर ने अनुमान लगाया है कि इसका तीसरी तिमाही का रेवेन्यू 16.1 अरब डॉलर और 16.7 अरब डॉलर के बीच हो सकता है. एक्सेंचर ने अनुमान लगाया है कि इसकी एनुअल रेवेन्यू ग्रोथ 8 से 11 फीसदी के बजाय में 8 से 10 फीसदी तक होगी, जिसका अंदाजा पहले लगाया गया था. आईटी फर्म ने कहा है कि ग्लोबल इकोनॉमी के बिगड़ने के डर से वह 19 हजार कर्मचारियों को निकाल रही है.