Accenture GenAI offering sees momentum in Q1 FY24, signs $450 mn bookings

Amid an uncertain economic growth and slow IT spends, IT services and consulting firm Accenture’s first quarter numbers in FY24 showed a significant pick up in generative AI (GenAI) spends.

The company reported that it signed $450 million of new bookings in GenAI for the first quarter. This is a surge from the $300 million signed in the whole of FY23.

“We continue to lead our industry in Gen AI — the great accelerator of reinvention — with over $450 million in new bookings.