💨 Abstract

Accenture's shares dropped 6% in premarket trading due to delays and cancellations of federal contracts caused by the Trump administration's efforts to reduce federal spending. The U.S. General Services Administration has instructed federal agencies to review and cancel non-essential contracts, impacting Accenture's federal services unit, which accounted for 8% of the company's total revenue in 2024.

Courtesy: theprint.in

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