Why tokenomics isn't a bad thing for Accenture as large-scale AI re-invention continues to boom
AI-driven projects among core clients continue to power Accenture. Q4 revenues of $18.7 billion were a year-on-year increase of six percent, with profit of $1.99 billion. Meanwhile full year revenues came in at $74.2 billion with net income of $8.37 billion.
Some $22.2 billion of bookings in Q4, included 37 clients with bookings greater than $100 million. CEO Julie Sweet comments:
Large-scale re-inventions, including many driven by AI, drove strong demand. These spanned transforming functions and building out digital cores. Our clients are also focused on AI and believe AI will help them achieve more than previously possible across the enterprise, but clients remain at very different stages of readiness. Much of our growth today comes from continuing to build their digital core, data foundations and the enterprise AI stack that they need to use AI at scale, and many are just starting their AI journey.
Nearly 100 additional clients...
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