Accenture Crashes Most On Record As AI Threatens Consulting Demand

Accenture Crashes Most On Record As AI Threatens Consulting Demand Accenture shares crashed by the most on record in premarket trading on a confluence of issues. First, the company's fourth-quarter revenue outlook missed Bloomberg consensus estimates and third-quarter bookings declined, reinforcing investors' belief that consulting demand is declining in the era of AI adoption across corporate America, which is wreaking havoc in the white-collar job market. The global consulting...

By Tyler Durden