Accenture Plc, the world's largest software services company, secured $1.2 billion in generative AI (Gen AI) bookings in the quarter-ended November 2024, bringing its total orders in the segment to $4.2 billion since September 2023. This is its highest Gen AI bookings in any quarter, signaling that clients are increasing spending on the new technology.
Accenture, which follows a September-August financial year, was the first software services company to state Gen AI deal value in June last year when it won $100 million in pure-play Gen AI projects in the quarter. India's information technology (IT) services providers are yet to spell out revenue from pure-play Gen AI projects.
However, in the company's post-earnings call with analysts on Thursday, chief executive Julie Sweet noted that the overall spending environment remains the same. Hence, companies keen on Gen AI are prioritizing their spending on the segment, rather than increasing spending overall.
This story is from the December 20, 2024 edition of Mint Bangalore.
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This story is from the December 20, 2024 edition of Mint Bangalore.
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