Accenture ups revenue guidance for FY25 on better AI demand

Nasdaq-listed IT services firm, Accenture on Thursday revised its lower end of the annual revenue growth forecast for fiscal 2025 to 5-7%, up from the previous projection of 4-7% on the back of increasing demand of AI-based solutions.

However, CEO and chair Julie Sweet said there has been no significant increase in client budgets for the calendar year 2025. “It’s still early, and a lot can happen. Clients may change focus, speeding up cost-cutting rather than investing in new projects,” she said in the post Q2 earnings call with the analyst.