Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Matrix Service SVP Justin Sheets sells $229,378 in company stock

Published

on

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Accenture cuts revenue outlook, stock crashes 11% in pre-market trading

Published

on

Accenture cuts revenue outlook, stock crashes 11% in pre-market trading
Accenture lowered the upper end of its annual revenue growth forecast on Thursday, signalling that companies remain cautious on discretionary technology spending despite continued investment in artificial intelligence and cybersecurity.

The consulting giant now expects revenue growth of 3%-4% for FY26, narrowing its earlier guidance of 3%-5%. It also forecast fourth-quarter revenue of $17.75 billion-$18.4 billion, below analysts’ consensus estimate of $18.47 billion, according to LSEG data.

The weaker outlook overshadowed Accenture’s announcement of $4.18 billion worth of cybersecurity acquisitions, sending its shares down more than 11% in premarket trading.

The company said it will acquire asset intelligence company runZero and device security specialist NetRise, while also taking a majority stake in industrial cybersecurity firm Dragos. The transactions are expected to close in August or September, subject to regulatory approvals.

Advertisement

The acquisitions are aimed at expanding Accenture’s cybersecurity capabilities, particularly in protecting industrial operations and critical infrastructure such as power grids, factories, pipelines and data centres amid rising cyber threats and increasing adoption of artificial intelligence.


Together, the acquired businesses generate annual recurring revenue of about $208 million and will strengthen Accenture’s cybersecurity business, which currently generates around $10 billion in annual revenue.
The revised forecast suggests clients continue to delay or reduce spending on discretionary consulting projects as they navigate an uncertain macroeconomic environment.

While demand for AI and cybersecurity services remains resilient, enterprises are becoming more selective in committing large transformation budgets, weighing on the broader consulting industry.

Continue Reading

Business

Energy Fuels stock surges 16% on $725M defense loan

Published

on


Energy Fuels stock surges 16% on $725M defense loan

Continue Reading

Business

FTSE 100 today: Stocks slide as BoE holds rates, two MPC members push for hike

Published

on


FTSE 100 today: Stocks slide as BoE holds rates, two MPC members push for hike

Continue Reading

Business

BNDX And BND: After Warsh's Speech, I Don't Like Bond Funds Anymore

Published

on

AGG: Muted Volatility And Light Positioning, Why That's Bullish

BNDX And BND: After Warsh's Speech, I Don't Like Bond Funds Anymore

Continue Reading

Business

Why has Texas set its sights on London?

Published

on

Why has Texas set its sights on London?

Texas, which once had an embassy in London, strengthens its ties with the capital by opening a new trade office.

Continue Reading

Business

June FOMC Statement: Contrarian Perspective On The Expected Rate Hike

Published

on

June FOMC Statement: Contrarian Perspective On The Expected Rate Hike

June FOMC Statement: Contrarian Perspective On The Expected Rate Hike

Continue Reading

Business

Why is Capgemini stock sliding today?

Published

on


Why is Capgemini stock sliding today?

Continue Reading

Business

Migrant intake dips as anti-immigration voices swell

Published

on

Migrant intake dips as anti-immigration voices swell

Net overseas migration is slowly falling, but the figures remain above Labor’s forecasts and the dramatic cuts demanded by the coalition and One Nation.

Continue Reading

Business

Hollister partners with Target to sell dorm bedding, apparel

Published

on

Hollister partners with Target to sell dorm bedding, apparel

Abercrombie & Fitch‘s Hollister is branching out of its apparel roots and partnering with Target to start selling home and dorm decor for the first time as both brands look to new categories to drive growth. 

The collaboration, dubbed The Hollister Collection at Target, will launch online, in most Target stores and select Hollister locations on June 28 and will feature almost 60 items across men’s and women’s apparel and bedding. 

Hollister’s tie-up with Target comes as both companies contend with declines in discretionary spending and waning consumer confidence, which have forced retailers to get creative to entice shoppers to spend. 

Advertisement

Hollister, Abercrombie’s brand targeting shoppers ages 13 to 22, has been comfortably growing for much of the past year but is looking to become more of a lifestyle brand that sells more than clothes. By offering a wider assortment, especially across a larger footprint, Hollister can acquire new customers, encourage existing shoppers to spend more and create a new pipeline for organic growth. 

On the other hand, Target already has a large home and dorm decor department but has long leaned on brand collaborations as a competitive differentiator, especially because they’re not as common at rival Walmart. Across the business, it has regularly brought in buzzy names like Kendra Scott, Diane von Furstenberg, Bombas and Champion, even before it was dealing with sluggish sales and shrinking profits. 

For both companies, the collaboration offers access to the lucrative back-to-college shopping market, which reached $88.8 billion last year, or about $1,325 in spending per person that participates, according to data from the National Retail Federation

Within that market, spending on dorm or apartment furnishings has been steadily growing for more than a decade. In 2025, it reached $12.8 billion, second only to electronics or computer-related equipment. 

Advertisement

Hollister’s expansion into home and dorm decor comes as sister brand Abercrombie & Fitch expands into outside footwear brands like Puma, Sperry and Hunter as a means to drive growth. In interviews with CNBC, executives said category expansion across the business can both draw in new customers and entice existing shoppers to spend more. 

With Target’s “brick-and-mortar presence, we should be able to expose the Hollister brand to people who aren’t shopping with us today,” said Corey Robinson, the company’s chief product officer, overseeing both the Abercrombie and Hollister brands. “And then with those customers who love us so much today, to be able to be an even bigger part of their lives is something we’re looking forward to.” 

Under the terms of the collaboration, Hollister and Target are working together to design the products while Target, given its expertise in the space, will handle manufacturing, Robinson said. The collaboration will last at least through next year with drops expected during the fall, holiday and spring 2027 shopping seasons. 

“Moving beyond just bedding and thinking about blankets, wearable blankets, plush, that’s how we will evolve the partnership,” Robinson said. “With our target age, dorm is top of mind. From a seasonality perspective, there’s a lot of ways you can refresh your dorm, and decorate with newness based on seasonality.” 

Advertisement
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Continue Reading

Business

Abivax: Safety Signals Loom Ahead Of The NDA Submission

Published

on

Abivax: Safety Signals Loom Ahead Of The NDA Submission

Abivax: Safety Signals Loom Ahead Of The NDA Submission

Continue Reading

Trending

Copyright © 2025