Consulting

**IBM Shares Plunge 9% as Consulting Unit Sales Disappoint Investors – HashiCorp Acquisition Overshadowed!**

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Armonk, NY – International Business Machines Corp. experienced a significant drop of about 9% in after-hours trading following disappointing sales in its consulting unit. The company’s first-quarter sales saw a modest 1% increase to $14.5 billion, according to a statement released on Wednesday. IBM also restated its projection of $12 billion in free cash flow for the fiscal year ending in December, maintaining confidence in its financial outlook. In a strategic move, IBM announced its …

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Consulting Crisis: Accenture Slashes Revenue Forecast for 2024 Amid Slowing Demand

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New York, USA – The consulting industry is facing challenges as major firms like Accenture and Deloitte see a slowdown in demand for their services. Accenture, a professional services firm, recently revised its revenue forecast for 2024, projecting a growth rate of 1% to 3%, down from the previous estimate of 2% to 5%. The firm’s chief executive, Julie Sweet, acknowledged that clients are cutting back on spending, impacting the firm’s consulting services. In response …

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