Market Analysis

Accenture’s earnings confirm the industry’s expected struggles—and offer a glimmer of hope for providers

Jul 8, 2020 Sam Duncan

The COVID-19 outbreak will transform the world and shake every industry, including IT and business services. While many providers operate on multi-year contracts and can be confident of some continuing revenue, this commitment will likely leave many enterprises reluctant to sign new agreements. Service providers must ensure they have a deep understanding of their market, and they must adapt if they hope to survive. Accenture posts its results early, and because of its impressive size and status in the market, its results are often a good indicator state of the market, which means its recently announced Q2 2020 earnings could help its peers understand the market after the initial shock of COVID-19.

 

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