Tags: Accenture | Ukraine | Emerging | Markets

Accenture: Ukraine Crisis Weighing on Emerging Markets

Thursday, 27 March 2014 02:21 PM EDT

Accenture Plc, the world’s second-biggest technology-consulting company, said the crisis in Ukraine is unsettling customers, adding to the company’s challenges in emerging markets.

“We are carefully monitoring the recent geopolitical developments in Eastern Europe, which are introducing the additional level of uncertainty in the marketplace,” Chairman Pierre Nanterme said Wednesday on a conference call. The global economic environment “frankly continues to be challenging, especially in the emerging markets,” he said.

Accenture, based in Dublin, has been counting on growth in emerging markets to help make up for sluggish growth in Western Europe and the U.S. Russia’s annexation of Crimea, in Ukrainian territory, has drawn sanctions from the U.S. and Europe.

Shares of Accenture dropped 6.5 percent to $77.61 at 2 p.m. in New York. The company got 40 percent of its $7.13 billion in sales last quarter from Europe, the Middle East and Africa. Bob Christie, a spokesman for Accenture, declined to comment on Nanterme’s remarks.

© Copyright 2025 Bloomberg News. All rights reserved.


Companies
Accenture Plc, the world's second-biggest technology-consulting company, said the crisis in Ukraine is unsettling customers, adding to the company's challenges in emerging markets.
Accenture,Ukraine,Emerging,Markets
156
2014-21-27
Thursday, 27 March 2014 02:21 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved