Accenture bookings drop eclipses upbeat revenue, unveils AI-focused revamp

Accenture reported a second straight drop in quarterly new bookings on Friday and unveiled an organizational revamp to bolster its AI consulting services, as a cutback in U.S. government spending and economic uncertainty pressure growth.

The bookings decline overshadowed the consulting giant’s better-than-expected quarterly revenue and an increase in its annual forecasts, sending its shares down more than 6%.