For the most part, it looked like Accenture (NYSE: ACN) was weathering the economic storm. But according to the consulting firm's recent quarterly conference call, things drastically changed from December to January.
Just look at the results: Revenues fell 6.6% to $5.66 billion. However, the major flash point was bookings. That is, total bookings dropped 7.1% to $5.98 billion and consulting bookings were down 17% to $3.14 billion.



