To The Moon

Pentagon Memo: Termination of Contracts Collectively Represents $5.1 Bln Value

Accenture shares fell about 6% on Thursday, even though the company topped fiscal second-quarter estimates.The decline came as new bookings slipped 3% year-over-year and the company narrowed its full-year revenue growth forecast. CEO Julie Sweet pointed to challenges in Accenture Federal Services, citing slower government procurement under the new administration.GuruFocus has detected 4 Warning Sign with ACN.GAAP EPS rose 7% to $2.82, both exceeding estimates. Consulting revenue grew 3% to $8.28 billion, while Managed Services rose 8% to $8.38 billion. New GenAI bookings hit $1.4 billion, up from $1.2 billion in the previous quarter. However, overall bookings slipped to $20.91 billion, down 3% year-over-year. Despite the drop, analysts had mixed reactions.TD Cowen called the results better than feared but noted weaker margins. Vital Knowledge and RBC also highlighted strong revenue but flagged declining bookings and margin pressure. Accenture maintained its $1.48 quarterly dividend an

Accenture (ACN), General Dynamics (GD) and IBM (IBM) are among 10 companies now being targeted by the General Services Administration as the "highest paid" consultants for US government, according to