Accenture CEO Julie Sweet: We delivered an 'incredible' Q1, our biggest-ever in new business

Sarah Eisen (Anchor) 00:00.430

we're joined now by CEO julie sweet to discuss the quarter and we were just wondering about the stock reaction juliet the market doesn't appear to be believing that the AI narrative around accenture even though it's clearly accelerating your business what's happening

Julie Sweet (CEO) 00:19.500

you know sarah we delivered an incredible Q one our biggest ever in new business and it's because our clients know they have to deliver results today and they've got to reinvent so we demonstrated that again twenty point nine billion dollars in new business ten percent of you

Julie Sweet (CEO) 00:37.420

know over year over year our stock price is influenced by a lot of factors and so what we're staying focused on is delivering real outcomes that is where skepticism is and that's where we're demonstrating yet again that our clients don't have skepticism they're turning to us and

Julie Sweet (CEO) 00:56.350

we're taking significant market share and

Sarah Eisen (Anchor) 00:59.590

how how much of the business now is driven by AI versus the traditional consulting which is a little more cyclical

Julie Sweet (CEO) 01:12.340

well what i would say is that advanced AI now is really in nearly everything we do because either clients are using it as a catalyst to get ready which is where most companies are or those of our clients that have already done a lot with us are asking us to help them now

Julie Sweet (CEO) 01:30.860

leapfrog and so it's a big driver as a catalyst for the industry and i always go back to the fundamentals technology is at the center of what clients need to do but enterprise AI is hard it takes not just technology expertise you have to understand the industry you have to

Julie Sweet (CEO) 01:50.070

understand the function think about banking one of the great use cases for enterprise AI is to fight financial crime and fraud but you can't just bring in a model you have to understand the regulation how the clients operate the controls operate the threat patterns and that's

Julie Sweet (CEO) 02:08.070

where accenture brings exceptional value and then you zoom out and we're the ones that can actually take the clients across the enterprise which is why you're seeing such great growth for example in our digital manufacturing and our industry X space there is so much ahead and it

Julie Sweet (CEO) 02:25.390

is still super early