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Accenture CEO announces new “Reinvention Services”

Accenture just announced a massive restructuring to embed AI into everything, fueled by a sweeping demand. Booked $1.5B in GenAI deals this quarter. New unit will be led by Manish Sharma (currently CEO of the Americas).

The Finance Story by The Finance Story
Published date: 26th June, 2025
Last edited date: 26th June, 2025
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  • Accenture just booked $1.5B in GenAI deals this quarter — yes, in just one quarter! But here’s the twist: its stock is down nearly 20% since Jan 2025.
  • On June 20, 2025, it announced a massive restructuring to embed AI into everything.
  • Starting Sept 1, all its core services — strategy, tech, ops, creative — will merge into one AI-powered unit: Reinvention Services.
  • It will be led by Manish Sharma (currently CEO of the Americas). He will become the company’s first Chief Services Officer.

Strategy, ops, tech, creative… It’s all getting AI-fied!

To meet rising demand for integrated AI solutions, Accenture is consolidating its services under a new business unit: Reinvention Services.

Previously, their services included:

  • Strategy
  • Consulting
  • Song (creative)
  • Technology
  • Operations

Starting September 1, Accenture will merge its core offerings into one unified division: Reinvention Services

So, what does Accenture’s “Reinvention” Services really mean?

Accenture isn’t just talking about AI — it’s already helping global companies use it in powerful ways.

On a call with CNBC, CEO Julie Sweet shared real examples of what this new Reinvention Services unit will focus on:

  • Fincantieri (Italy): Building the world’s first AI-powered ship that can predict maintenance, manage energy, and talk to docks on its own.
  • Laughing Cow (Bel Group): Using AI to modernise cheese production.
  • Vale (Brazil): Speeding up environmental permits with AI tools.
  • Nescafé, Nespresso, Dolce Gusto: Creating AI-generated 3D product avatars to cut time and cost for marketing campaigns.

Also read: Big 4 firms gearing to introduce a new kind of audit – AI Audit services

Yes — Accenture is officially calling its people “reinventors”

Julie Sweet, Chair & CEO, put it this way during the June 20 announcement:

“We are writing the playbook for how to be the most AI‑enabled, client‑focused professional services company in the world and a great place to work for our people—our reinventors.”

Key leadership changes

The leadership team is also getting revamped:

  • Strategy: Muqsit Ashraf
  • Consulting: Jason Dess
  • Technology: Rajendra Prasad
  • Operations: Arundhati Chakraborty
  • Creative (Song): Ndidi Oteh
  • COO Roles: Kate Hogan becomes the global COO
  • CEO of the Americas: John Walsh

Accenture’s AI-related earnings

Accenture is booking billions in AI-led revenue.

It just reported:

  • $17.7 billion in revenue for Q3 FY25 (up 8% YoY).
  • $1.5 billion in generative AI bookings for the quarter.
  • $4.1 billion in AI bookings over the last three quarters.

Also read: Big 4 firms in India cashed ₹20,000 Cr from Tech Consulting, not Audits

What about GenAI in Indian IT industry?

They’re investing — but GenAI revenue? Still under wraps.

  • Wipro: $1B GenAI fund, IIT CoE, trained 250k+ staff
  • Infosys: Topaz platform, 12k+ use cases
  • TCS: $1.5B pipeline, 350k+ trained

But, wait! A BCG report shows that AI-mature Indian firms see:

  • 1.5× revenue growth
  • 1.8× higher shareholder returns

KPMG India reports: 65% of TMT firms saw 10–20% ROI on AI deployments

Meanwhile…..

Big 4 is focusing on AI Audit Services

According to the Financial Times, Big Four firms (EY, PwC, Deloitte) are launching AI audit practices.

Why?

  • Companies fear AI hallucinations
  • Regulators are stepping in
  • Clients want trust and transparency

Think cybersecurity audits. Now imagine that, but for AI models. Billion-dollar vertical? Very likely.

Wrapping up…

For clients and professionals alike, this restructuring signals that AI is no longer a niche add-on — it’s now embedded into every consulting and delivery layer.

The Finance Story

The Finance Story

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