(Reuters) – Accenture Consulting Consulting falls on the stock market Thursday after having indicated that the initiatives of the US administration to reduce federal spending had led to delays and cancellations of new contracts.
At Wall Street, around 2:20 p.m. GMT ACCENTURECTURE plunges from 7.72% to 299.51 dollars (276.61 euros), against a gain of 0.30% for the S&P 500 index.
The administration of President Donald Trump wishes to rationalize government operations and implement measures to reduce federal spending and the number of officials.
Accenture said its federal service division faced a slowdown, the General Services Administration Administration) of the United States who asked all federal agencies to review their contracts with consulting companies and cancel those deemed not essential.
This division represented approximately 8% of the overall accenture turnover in 2024.
The new accenture orders, a key indicator of the company’s future income, fell 3% to $ 20.9 billion in the second quarter.
Accenture customers have also reduced their expenses in a context of increased economic uncertainty.
In the wake of the decline in accenture, IBM, a fall of 4.22%, while the Indian IT services group Infosy and the US Computing in IT, Wipro computer consulting, respectively 2.74% and 2.44.
(Written by Priyanka.G and Harshita Mary Varghese in Bangalore; Claude Chendjou, edited by Augustin Turpin)
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