Accenture and HP both recorded double digit falls in revenue compared to 2008. The two giants stood out amongst their peers, but why?
I have since spoken to a couple of people about this and here is an example of what I have been told.
One contact told me that HP and Accenture had the biggest losses for completely different reasons.
"Accenture has built its business up with very large deals and their have been fewer during the recession."
"Consultancy services like Accenture's are very expensive and people think twice about it when time are bad.
"It has also been unsuccessful changing contracts it signed before the downturn."
"HP has had difficulties cause by the acquisition of EDS.
"There is ongoing uncertainty about HP/EDS and HP has caused the sales machine that was EDS to slow down because of redundancies."
What do you think?