Julie Sweet News

Accenture Plc reported $1.1 billion in advanced AI revenue in its first quarter (September-November 2025) on Thursday, compared to $500 million in the year-ago period, marking a 120% jump in the disruptive technology.Significantly, the world’s largest technology and consulting services company said it will not disclose numbers from AI business in the future, as the technology has become all-pervasive.“This will be the last quarter in which we share advanced AI bookings and revenues,” read Accenture’s earnings presentation on Thursday. “We have now reached a point where advanced AI is being embedded in some way across nearly everything we do, and many of our clients are focusing on moving beyond standalone proofs of concept or initiatives.”Accenture chair and chief executive Julie Sweet said, “It has become less meaningful to isolate the data specifically for advanced AI, as it does not reflect how the demand is evolving on the ground, the scope, the full scope of our AI work and the value we're creating.”At least one expert said Accenture’s move is also to avoid any confusion.“Accenture’s decision is pragmatic rather than evasive — GenAI is now deeply embedded across deals, pricing models, and delivery constructs, rather than a clean, standalone revenue line,” said Phil Ferhst, chief executive of HFS Research.

Subscribe to enjoy similar stories. Dublin, Ireland-headquartered 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.

U.S. stocks are stabilizing following one of their worst days of the year

Subscribe to enjoy similar stories. Accenture Plc, the world’s largest software services company, secured $1.2 billion in generative AI (Gen AI) bookings in the quarter-ended November 2024, bringing its total orders in the segment to $4.2 billion since September 2023. This is its highest Gen AI bookings in any quarter, signalling that clients are increasing spending on the new technology.

GenAI projects during the second and first quarters, respectively. The third quarter saw Accenture's total order bookings hit $21.1 billion, with GenAI deals accounting for 4.3% of this total, a significant increase from the 0.6% share in the year-ago period.

₹66.25 crore) for the financial year ended March 2024, making him Indian IT industry's fourth-highest paid CEO.According to Infosys’ annual report for FY24, Parekh’s salary was 16% higher than $6.8 million he earned as remuneration in FY23.For homegrown Indian IT firms, Parekh's FY24 remuneration follows the likes of Wipro Ltd’s former CEO Thierry Delaporte, who earned upwards of $20.4 million for the year ended March 2024, and HCL Technologies Ltd’s C Vijayakumar, who is expected to earn $10.6 million for the said period.However, Nasdaq-listed Cognizant Technology Solutions Corp CEO Ravi Kumar Singisetti bagged the biggest salary among Indian IT bosses, taking home $22.6 million in the year ended December 2023. Cognizant follows a January-December accounting year, whereas Indian software exporters follow an April-March financial calendar.Tata Consultancy Services Ltd, India’s largest IT company, paid $3.1 million to CEO K.

Shares of Accenture (NYSE:ACN) fell 5% in premarket trading Thursday after the professional services company reduced its revenue growth outlook for the full fiscal 2024 year.

ChatGPT that made AI the biggest talking point in the technology world as a potential catalyst for disruptions in businesses. “We continue to take an early leadership position in GenAI, which will be an important part of the reinvention of our clients in the next decade," Accenture chair and chief executive officer Julie Sweet said in a post-earnings interaction with analysts on Tuesday. If Accenture’s GenAI business continues to grow at the same rate, it could become a $4 billion business in the current financial year, an analyst said.

White House Chief of Staff Jeff Zients on Thursday to discuss refugee resettlement and sponsorship programs, a White House official said. The CEOs will include Alphabet's Sundar Pichai, Walmart's Doug McMillon, Pfizer's Albert Bourla, HP's Enrique Lores and others. They are part of a council of leaders affiliated with Welcome.US, a group dedicated to helping support refugees in the United States.

Tata Consultancy Services, India’s largest IT services firm, said that the company is currently working on over 50 proof-of-concept (PoC) projects and “around 100 opportunities" in the field, during the company’s June quarter post-earnings press conference. Infosys, too, reported 80 active projects in generative AI, and 40,000 employees trained in the field in anticipation of deals going forward, said company chief Salil Parekh in its post-earnings press conference on 20 July.

New Delhi: India’s largest information technology (IT) services firm, Tata Consultancy Services (TCS), on Thursday said that it will train 25,000 engineers on generative artificial intelligence (AI) tools and services by AI research firm OpenAI, the makers of popular chatbot, ChatGPT. Generative AI services will be hosted and provided on Microsoft’s Azure cloud platform—thus making this offering available to its clients.

«There are discussions happening with other telcos in different forms,» Saurabh Kumar Sahu, Managing Director, and Lead — Communications, Media and Technology, Accenture in India told ETTelecom, adding that 5G has to be treated like a «very sharp digital enabler» and not like a digital capex solution for operational efficiency. The top executive further said that the multinational is working with more than one telco in the area of next generation technology.

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