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The consulting of the giant Accenture warned that the efforts of Elona Musk had to reduce the costs in the US state government influence its revenues, and geopolitical development increased economic uncertainty around the world.
On Thursday, the company announced that the new work for the US government, which made up about $ 8 percent of its $ 16.7 billion in global revenue in a quarter of February 28, slowly slowed down after the administration of President Donald Trump took office.
“The new administration has a clear goal more effectively to lead the federal government. During this process, many new procurement actions have slowed down, which has a negative effect on our sale and income,” he said Accenture Executive director Julie Sweet during an analyst call.
Accenture is one of 10 targeted consultant companies Trump administration in the wear of the wear of orchestrate the so-called Ministry of the Musk Government (Doge).
Last week, the federal application revealed that the Accenture Agreement is potentially worth up to $ 5 million in addition to 2027, “terminated for convenience”. The contract, according to which $ 10 million has already been spent since 2021, was the tenth accent agreement or under the interview, which was terminated under Trump’s administration.
The General Services Directorate, which helps in coordination of federal procurement, said that the departments and agencies needed to prove the value of counseling with 10 companies-also include Deloitte, Booz Allen Hamilton and IBM, or cancel them.
“Although we still believe that our work for federal clients is critical, we predict that constant uncertainty is that government priorities develop and these assessments develop,” Sweet warned. However, she said, “We see great opportunities over time to help in consolidation, modernizing and inventing the Federal Government to encourage a brand new level of efficiency.”
Accenture shares were on their way to open at the lowest level since July last year, after more than 5 percent in the store before the market fell on Thursday. The company did not reduce its year -round guidelines to make money, as some analysts expected, but admitted that new trends in the business were “very recent”.
“In recent weeks, we have noticed an elevated level of what has already been significant uncertainty in the global economic and geopolitical environment, which has marked a shift since our first quarter of December,” Sweet said.
Surorder Thind, analyst from Jefferies, said in a note to clients that “it is unclear with the continuous volatility of how much the management leadership should be observed only.”
Extra reporting to Chris Cook London
