Accenture Demonstrates the AI Bubble Is Popping
Accenture (ACN) is getting hammered by AI on two fronts:
1.) Companies are doing fewer discretionary projects, particularly on the AI front. Why Accenture ever bucketed this business in the “Managed Services” bucket is beyond me, probably to try to prop up Managed Services when AI was hot. Managed Services bookings were down 14.7% YoY in Q3, and this is likely the culprit: AI Man Svcs.
2.) Companies that know how to use AI tools such as Claude Code and Codex leverage those tools to automate work such as data translation when switching vendors. I talked about this earlier. Guess who the best AI teacher is? Not Accenture. It’s the tools themselves. Claude Code and Codex are the best Claude Code and Codex tutors. So, if you have an ounce of curiosity, if you wish to save time and money, deploy Claude Code and Codex on your next Technology project before writing a $10 million check to Accenture. Trust me, Accenture’s consultants aren’t using the tools any more than you are.
3.) You may listen to the Accenture (ACN) Q3 EPS call, inclusive of TEK2day’s live earnings sentiment scoring HERE.
