Acceneture warns Dog’s spending campaign from Elon Musk on revenue

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ACCENture’s giant consultations have warned that Elon Musk’s efforts to reduce costs throughout the US federal government began to influence its revenues and that geopolitical developments have sparked economic uncertainty all over the world.

The company said on Thursday that the new work of the US government, which represented about 8 percent of its global revenues of $ 16.7 billion in the quarter ended on February 28, and slowed down after the administration of President Donald Trump took office.

“The new administration has a clear goal for the federal government management more efficiently. During this process, many new purchasing procedures have slowed, which negatively affects our sales and revenues,” he said. Tone CEO Jolly Sweet during a analyst call.

Accenture is one of 10 targeted consulting companies By the Trump Administration in the spending campaign published by the Ministry of Efficiency of the Government (DOGE).

Last week, a federal file revealed that a tone contract is likely to reach 5 million dollars of additional work by 2027 that had been “ended for comfort.” The contract, according to which 10 million dollars have already been spent since 2021, was the tenth decade of the anchor or the sub -contract was expired under the Trump administration.

The Public Services Department, which helps to coordinate federal purchases, said that the departments and agencies needed to prove the value of consulting contracts with the ten companies-which also include Deloitte, Booz Allen Hamilton and IBM, among other things-or cancel them.

Sweet warned: “While we continue to believe that our work for federal clients is very important, we expect constant uncertainty with the development of government priorities and these assessments are revealed.” However, she said: “We see great opportunities over time for us to help unify the federal government, update and re -invent it to lead a completely new level of efficiency.”

Accenture shares were on their way to opening them in its lowest level since July of last year, after they decreased more than 5 percent in pre -market trading on Thursday. The company did not lower the all -year profit instructions, as some analysts expected, but it admitted that the new trends at work were “very modern”.

“In recent weeks, we are witnessing a high level of what was already the great uncertainty in the global economic and genius environment, which represents a shift from the first quarter in December,” Sweet said.

“With the ongoing fluctuations, it is not clear how management guidelines should be seen with confidence,” said Surind Think, an analyst at Jefferies, in a note of customers.

Additional reports from Chris Cook in London