Accenture Reports Third-Quarter Fiscal 2026 Results
New bookings missed estimates and management said several large managed-services deals were pushed into fiscal 2027.
- On Thursday, Accenture shares fell nearly 20% after The Ireland-based firm reported third-quarter revenue of $18.7 billion, missing Wall Street estimates.
- To capture AI-linked demand, Accenture is "reinventing" itself by consolidating strategy and technology services into a single unit helping companies scale digital transformation.
- Reported Earnings show a 2% drop in new bookings, with management indicating that many "lumpy bigger" managed services deals were pushed into fiscal year 2027.
- Accenture CEO Julie Sweet asked Investors for patience, stating "AI scaling will take some time" as the firm works to integrate large-scale transformations.
- Management projects current quarter sales between $17.75 billion and $18.4 billion while boosting planned shareholder returns to at least $9.5 billion for this fiscal year.
16 Articles
16 Articles
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Accenture Just Had Its Worst Day in Years. Is AI Coming for the Consulting Business?
Key PointsAccenture's earnings per share rose 9% year over year in its fiscal third quarter.New bookings fell, and management trimmed its full-year revenue-growth outlook.Accenture is spending about $4.18 billion on cybersecurity acquisitions even as growth slows.10 stocks we like better than Accenture Plc › Shares of tech consulting giant Accenture (NYSE: ACN) sank about 18% on Thursday, the stock's worst single-day drop in years, after the com…
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BizTocAccenture CEO Julie Sweet says AI transformation will 'take some time' as stock price takes another hit
Accenture CEO Julie Sweet.Bloomberg/Bloomberg via Getty ImagesAccenture CEO Julie Sweet defended the firm's strategy after its stock price took a hit.The firm's stock fell nearly 20% on Thursday after it reported third-quarter earnings.Sweet said AI scaling will "take some time."Accenture CEO Julie Sweet is telling onlookers to hold their judgment.Shares at the global professional services firm fell nearly 20% on Thursday and have dropped about …
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