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Accenture faces revenue and stock drops due to federal spending cuts by the Trump administration.
Accenture's revenue and stock have been negatively impacted by the Trump administration's efforts to cut federal spending, leading to delays and cancellations of new contracts with consulting firms.
The company, which saw an 8.5% drop in its shares, attributes part of its lower-than-expected earnings to these government spending cuts.
Despite this, Accenture raised its full-year revenue growth projection to 5%.
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Accenture se enfrenta a ingresos y caídas de acciones debido a los recortes de gasto federal por parte de la administración Trump.