Government ContractsManagement noted that federal agencies are reviewing contracts with the top 10 consulting firms, which includes AFS, leading to slower government procurement and negatively affecting bookings and revenue.
Growth OutlookThe price target for ACN has been lowered due to a more uncertain growth outlook, reflecting a cautious stance amid macroeconomic concerns.
Macroeconomic RisksIf the global economy weakens, Consulting estimates will be subject to downside risk, since Consulting is more prone to cuts than other areas of IT.