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Anthropic and Accenture Team to Help Businesses Deploy AI
PYMNTS.com· 2025-12-09 18:12
Anthropic has teamed with consulting firm Accenture to help companies scale artificial intelligence (AI) projects.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The collaboration, announced Tuesday (Dec. 9), has r ...
What's Going On With Korn Ferry Stock Today? - Korn Ferry (NYSE:KFY)
Benzinga· 2025-12-09 18:07
Korn Ferry (NYSE:KFY) shares advanced Tuesday after the talent and consulting firm delivered stronger quarterly profit and revenue amid broad-based growth across its businesses.Korn Ferry shares are powering higher. Why is KFY stock up today?Investors also assessed the company's upbeat momentum and fresh guidance as demand for organizational transformation services continued to strengthen.The firm reported second-quarter adjusted earnings per share of $1.33, beating the analyst consensus estimate of $1.31.Q ...
Accenture struck a deal with Anthropic, 8 days after saying it would partner with OpenAI
Business Insider· 2025-12-09 17:02
Accenture has announced an expansion of its partnership with Anthropic, its second deal with a leading AI developer in the past eight days. The deal includes a suite of new solutions and offerings that will help Accenture's clients "accelerate the shift from experimenting with AI to using it as a catalyst for reinvention across the enterprise," said Julie Sweet, Accenture's CEO.The two companies said they would form the "Accenture Anthropic Business Group," which will train around 30,000 employees in deliv ...
The Hackett Group® Finds SG&A Costs at a Five-Year High as 62% of US Companies Struggle to Control Spending Amid Slowing Revenue Growth
Businesswire· 2025-12-09 15:00
MIAMI--(BUSINESS WIRE)---- $HCKT #ai--The Hackett Group, Inc. (NASDAQ: HCKT), a leading Gen AI consultancy and enterprise digital transformation firm, today announced new findings from its US SG&A Cost Study and Scorecard, revealing that selling, general and administrative (SG&A) costs have reached their highest point in five years. Median SG&A cost as a percentage of revenue increased from 13.7% to 14.3%, largely driven by slowing revenue growth. The study – based on an analysis of the 1,000 lar. ...
Accenture, Anthropic strike multi-year partnership to boost AI adoption
Reuters· 2025-12-09 14:20
Accenture and Anthropic on Tuesday announced an expansion of their partnership through a new business group where around 30,000 of the consulting giant's employees will be trained on the AI startup's ... ...
FTI Consulting Appoints Rike Rabl as Chief Human Resources Officer
Globenewswire· 2025-12-09 13:30
WASHINGTON, Dec. 09, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that the Company’s Board of Directors has elected Rike Rabl as Chief Human Resources Officer, effective Jan. 1, 2026. Ms. Rabl, who joined FTI Consulting in 2020 and is based in Washington, D.C., will lead FTI Consulting’s global human capital strategy, including talent acquisition and development, workforce planning, and total rewards. In her role, she will work with segment and regional leaders to attract and gr ...
Korn Ferry Announces Second Quarter Fiscal 2026 Results of Operations
Businesswire· 2025-12-09 11:45
Core Insights - Korn Ferry reported second quarter fee revenue of $721.7 million, a 7% increase year-over-year, with diluted earnings per share at $1.36 and adjusted diluted earnings per share at $1.33 [1][3][6] Financial Performance - Fee revenue for Q2 FY'26 was $721.7 million, up from $674.4 million in Q2 FY'25, reflecting a 7% increase (6% at constant currency) [3][6] - Total revenue for the quarter was $729.8 million, compared to $682.0 million in the previous year, marking a 7% increase [3][6] - Net income attributable to Korn Ferry was $72.4 million, with a margin of 10.0%, up from $60.8 million and a margin of 9.0% in the prior year [3][6] - Adjusted EBITDA for Q2 FY'26 was $124.8 million, compared to $117.0 million in Q2 FY'25, with an adjusted EBITDA margin of 17.3% [3][7] Segment Performance - Consulting segment fee revenue was $172.8 million, a 4% increase from $166.8 million in Q2 FY'25, driven by a 10% increase in average bill rates [10][11] - Digital segment fee revenue decreased to $91.0 million from $92.9 million, a 2% decline [12][13] - Executive Search segment fee revenue increased to $226.0 million, up 10% from $206.0 million, attributed to growth in engagements billed and average fees [14][18] - Professional Search & Interim segment fee revenue rose to $141.1 million, a 17% increase from $121.1 million, primarily due to higher revenue from Interim services [19][21] - Recruitment Process Outsourcing (RPO) fee revenue increased to $90.8 million, up 4% from $87.6 million, driven by new business in North America [22][24] Outlook - For Q3 FY'26, Korn Ferry expects adjusted diluted earnings per share to be in the range of $1.19 to $1.25, with fee revenue projected between $680 million and $694 million [25][30]
McKinsey’s CFO: Why finance chiefs shouldn’t hit pause on AI right now
Fortune· 2025-12-08 12:26
Core Insights - CFOs are increasingly using terms like "uncertainty" and "unprecedented" to describe the current economic landscape, reflecting a sense of fatigue with ongoing unpredictability [1] - The focus for CFOs is on taking actionable steps to build resilience in the face of uncertainty, rather than succumbing to inaction [1][2] - There is a significant shift in resource allocation towards technology functions within companies, although uncertainty remains regarding AI's full impact on financial performance [3][4] Financial Strategies - Key questions for CFOs include improving liquidity, operational efficiency, and determining essential versus non-essential investments [2] - Despite uncertainty, it is crucial for companies to review long-standing strategies and seize competitive opportunities, particularly in AI investments [2] - The recommended focus for AI efforts is 80% on productivity for growth and 20% on productivity for efficiency, emphasizing better time utilization rather than headcount reduction [5] Future Outlook - McKinsey's research suggests that by 2030, profound changes in work processes will necessitate a reorganization of value creation and activities [4] - Managing uncertainty effectively involves planning for both positive and negative scenarios, highlighting the importance of a cross-functional approach within the C-suite [6] - The global economic outlook indicates that AI-driven investments are supporting better-than-expected growth, despite underlying demand remaining soft [9]
Riyadh Air and IBM Partner to Launch World's First AI-Native Airline
Prnewswire· 2025-12-08 05:01
Core Insights - Riyadh Air has been unveiled as the world's first AI-native airline, designed from the ground up without legacy systems, aiming to transform guest and employee experiences in aviation [1][4][9] - The collaboration with IBM Consulting has integrated AI into the airline's operations, leveraging a broad partner ecosystem to create a seamless technology strategy [2][4][9] Company Overview - Riyadh Air is a full-service airline owned by the Public Investment Fund (PIF) of Saudi Arabia, launched in March 2023, with plans to connect over 100 destinations globally by 2030 [10] - The airline is focused on sustainability and safety, featuring advanced aircraft with state-of-the-art cabin interiors and digital in-flight entertainment systems [10] AI Integration and Operational Efficiency - The airline's operations are built on a completely blank digital slate, allowing for the creation of new revenue opportunities and reinvestment in innovation [6][8] - AI capabilities are embedded into workflows to enhance employee engagement and improve the travel experience for guests [5][7] Employee and Customer Experience - Riyadh Air will introduce a personalized digital workplace powered by AI agents, simplifying HR workflows and enhancing employee self-service capabilities as the workforce is expected to double in the next 12 months [7] - AI-powered mobile applications will facilitate a connected journey for employees and guests, enabling tailored services and proactive support [7][8] Future Aspirations - The airline aims to redefine aviation standards and set a new benchmark for modern enterprises, with a vision to serve millions of travelers by 2030 [4][9]
FTI Consulting Appoints Jason Leow to Strategic Communications Segment in Singapore
Globenewswire· 2025-12-04 00:00
SINGAPORE, Dec. 03, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Jason Leow as a Senior Managing Director within the firm’s Strategic Communications segment. Mr. Leow, who is based in Singapore, brings more than 25 years of experience in financial communications, C-suite advisory and stakeholder engagement across Asia, Europe and the United States. In his role at FTI Consulting, he will work closely with the Asia Leadership Team and the firm’s global Senior Ma ...