The second part is that we do have the revenue from the larger scale transformations. It is out there, right? And so we just need to layer in some of the new growth area work that we’ll get to as we approach the back half of the year. And the last part, as you’re aware, I mean, we do have the benefit of each year comparison in the back half.
Julie Sweet: Yes. And then in terms of demand, it’s exactly what we’ve been talking about. The number one area of demand is building that digital core. So you’ve got clients like the financial service client I mentioned in the script that’s not in the cloud at all and is basically needing to migrate to the cloud, right? Then you’ve got those who are in the cloud but they haven’t modernized their ERP. You saw a lot of examples of that. Then you’ve got security, right? Absolutely has to happen. And then lots of focus on now on data and AI, particularly for those who’ve already been investing, so they’re in the cloud, they’ve got their modern ERP, and now they want to really accelerate AI. So what’s not happening, right, is discretionary spend globally as we saw throughout the year, starting in North America, people are not doing smaller systems integration.
They’re not doing smaller strategy and consulting, they’re prioritizing and focusing on larger deals. And even there, there’s prioritizing, especially depending on the industry where you’ve got more challenges to say, can we — we’ve got a lot underway, we’re cautious about the environment, so help us Accenture cut costs, so we can afford all of the reinvention ahead of us and help us prioritize what we start next. And that’s kind of the overall, sort of, more cautious spending. But I just want to reemphasize, nothing has changed about the fact that our clients have more ahead of them than behind them in terms of building the digital core and then using it to reinvent. And we’re the only one in our industry that can both build the technology and at this scale have the industry and the functional expertise to then be positioned to help them use that technology to reinvent.
So we are super optimistic about this industry in our position.
Darrin Peller: That makes sense, Julie. And just — I guess, as a follow-up to that, the ramp time, you know, you talked about a billion dollars investment in AI last time, and we’ve obviously seen some evidence of success, but early days still. So now that you’ve had the luxury of a few more months, the ramp time you’d expect to see that really become a much, much bigger part of the business. Can you just quickly touch on that again? This is around AI and generative AI. Thanks, [Indiscernible].
Julie Sweet: I’m sure — my team are going to love the luxury of a few more months. You know, so thank you for that, I’m going to tell them that. See you guys, you’ve had a few more months. So look, as I talked a little bit about in our script, we’re still learning. Remember, these are like, you know, a million dollar sort of things. We’re starting tom, you know, look at our — work it in our own delivery. So it’s going to take a few more quarters till I’ve really got a well-informed view of that. But what I will say is, gen AI is an amazing technology. It’s going to do great things. And what I tell all my clients, can’t use it unless you’re in the cloud, have data, and you’ve, you know, modernized your core. So that’s our opportunity.
Darrin Peller: Thanks, guys.
Operator: And we’ll go next to the line of Jason Kupferberg with Bank of America.
Jason Kupferberg: Good morning, guys. Thanks for taking the question. I wanted to pick up on your earlier comment, I think you said that you’re not assuming any improvement in discretionary spending in the overall environment there during F ‘24. So I know you guys typically start the year with a relatively conservative approach to guidance that certainly served you quite well in fiscal ‘23. So against that backdrop, can you tell us a little bit about what you’re thinking regarding growth for each of the three business dimensions in F ‘24?
