The company’s new generative AI contracts slowed to $100 million in the most recent quarter, down from $200 million per quarter last year. Technology partners including Microsoft and SAP are increasingly integrating AI directly into their offerings, allowing systems to work immediately without extensive consulting support. Newcomers like Palantir are embedding their own engineers with customers, enabling clients to bypass traditional consultants.
Between 2015 and 2024, Accenture generated a 370% total return by helping companies navigate technological transitions. The firm reached a $250 billion valuation in February before losing $60 billion in market value. CEO Julie Sweet insists that the company is reorganizing around “reinvention services.” A recent survey found 42% of companies abandoned most AI initiatives, up from 17% a year ago.
