Accenture's Stock Declines as Company Slashes Full-Year Revenue Outlook

Accenture's stock is down nearly 7% after the company slashed its full-year revenue forecast, citing weaker demand in certain areas despite strength in AI offerings and IT spending. The company reported mixed second quarter earnings results, missing revenue estimates but surpassing adjusted earnings per share expectations. Analysts note a continued acceleration in AI projects, with bookings totaling $600 million, up 50% quarter over quarter, highlighting the importance of investing in AI for companies positioning themselves for the future.