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Accenture is giving consulting a new name as it doubles down on AI: 'reinvention services'

1. Accenture launches 'reinvention services' focused on AI. 2. Revenue rose 8% year-over-year, despite a 6% drop in bookings. 3. CEO emphasizes AI as key to future demand and efficiency. 4. New initiatives include AI-powered ships and marketing avatars. 5. Consolidation aims to enhance service scalability and market reach.

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FAQ

Why Bullish?

Accenture's focus on AI and strong revenue growth signals future potential, although bookings dropped.

How important is it?

The strategic shift towards AI indicates potential growth avenues, reflecting modern market demands and technology integration.

Why Long Term?

The establishment of AI-driven services will likely shape future growth over an extended period, similar to tech rollouts impacting firms positively over 2-5 years.

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