AI Helps Boost Accenture Song to 30% of Accenture’s Revenue  | usagoldmines.com

International skilled companies firm Accenture reported $64.9 billion in income for its fiscal 12 months, ending Aug. 31, up 1% year-over-year, and its tech-powered artistic group, Accenture Song, chipped in $19 billion of that whole (up 7%), largely pushed by its push into generative artificial intelligence.

Gen AI accounted for $3 billion of the mother or father firm’s $81.2 billion in new bookings for its fiscal 12 months. That determine pertains to generative AI bookings for Accenture total, to which Music contributes.

Final 12 months, Music’s revenues have been $18 billion for the full year, up 18%, of whole Accenture revenues of $64.1 billion.

Accenture breaks out income in a number of methods, together with by strategic priorities, which embrace Music, in addition to revenues from its cloud companies ($32 billion). Individually, it breaks out revenues by consulting revenues and managed companies revenues, ($33.20 billion and $31.70 billion, respectively).

Accenture revealed final June that it was investing $3 billion into AI in order that its purchasers might higher leverage the expertise, with the funds going to acquisitions, belongings, analysis, expertise, and instruments, over three years.

The corporate additionally mentioned on the time that it might double its AI employees to 80,000 by a combination of acquisitions, new hires, and coaching present staffers.

Earlier this month, Arun Kumar joined Accenture Song as international head of information and AI, tasked with devising options in these areas and reporting to international chief technique officer Baiju Shah.

Kumar had been working as an unbiased guide following six-plus years as IPG’s chief information and advertising expertise officer.

Accenture chair and CEO Julie Candy mentioned in an announcement, “We proceed to speed up our management in gen AI, which we consider is essentially the most transformative expertise of the following decade, delivering $3 billion in new bookings for the 12 months.”

Accenture Music counts Adobe, Bathtub & Physique Works, Diageo, Edward Jones, Honda, NRMA Insurance coverage, Peugeot, and Tourism Australia amongst its purchasers.