HP and Accenture have double digit declines in 2009

Gartner’s latest report about the IT services market revealed HP and Accenture were the hardest hit by the slowdown in spending.

HP revenues declined 10.4% in 2009 and Accenture’s dropped 11.8%.

Apparently companies offering outcome based services, in other words being charged for results rather than services consumed, did a bit better than the average.

Was Accenture too expensive and is consultancy something that businesses cut when times are hard? And is HP suffering from the fact that its EDS business, as it was,  is being changed beyond recognition.

Interesting times ahead.

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