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CLAIM #3616 · Accenture plc (ACN) · 2023Q4 earnings call · Sep 28, 2023 · due Aug 31, 2024

And so, over the course of the year, we expect that the improvement will come at a little different pace depending on the market.

Julie Sweet · CEO

PENDING
graded after results covering Aug 31, 2024 are reported

In context

orning, Julie and Casey, I just wanted to dig in first on CMT, if you don't mind. Just curious there if the challenges are -- have changed at all, has it isolated just a few clients or is it more broad-based? And what's the strategy here to turn demand around? Are you seeing any green shoots there? Thanks. Julie Sweet: Yes. Great, thanks Tien-Tsin. So it is broad-based, I mean, we have -- we're seeing it broad-based across the globe and across clients. And we continue to see those challenges. So we do think that it's going to -- we do know that it's going to develop a little bit differently based on markets. The challenges in the U.S. are more difficult. They're more focused on both technology and the technology companies and comms, whereas Europe, it's a little different, the complexion. And so, over the course of the year, we expect that the improvement will come at a little different pace depending on the market. And in terms of how we're addressing it, it's really two-fold. So first of all, we're going to continue to pivot within that industry to areas like helping within the confines of how much they are spending, trying to help them cut costs, working on things like customer service investing in more network capabilities. And what we're also doing is pivoting our business to the higher areas of growth, and you see that with acquisitions, like we did answer technologies and Industry X in the U.S., we did Flutura in India and data and AI. And so we've got a lot of areas of growth and you can see that when you take out CMT with the -- how the rest of our business is growing and it's just going to take a little time to make that pivot and that's why what you're seeing in our guidance is that we're

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SEC filings for ACN · Claim quote is verbatim from the 2023Q4 earnings call.