Accenture Soars 23% as Record Bookings Dispel AI Demand Fears; Infosys Jumps 8%, IBM Climbs 5%

Accenture’s managed services momentum offers positive signals for Indian IT

Accenture's strong Q4 results boost tech spending optimism, signaling growth for Indian IT amid rising large-transformations and AI-driven deals.

Why Accenture Stock Soared on Thursday

Investors reacted positively to earnings, but is Accenture stock now too expensive to buy?

Accenture Stock Jumps 23% to $226; Jefferies and TD Cowen Keep $190, $173 Targets

Accenture plc (NYSE: ACN) shares jumped over 23% to $226.05 in Thursday pre-market trading after the company topped fiscal fourth-quarter revenue expectations and issued a fiscal 2027 growth outlook of 3% to 6% in local currency. The rally lifted the shares above price targets maintained by two analysts after the results.Visit Website

Accenture Soars 23% as Record Bookings Dispel AI Demand Fears; Infosys Jumps 8%, IBM Climbs 5%

Accenture just answered the question that has haunted consulting stocks all year, and the market is repricing the entire sector in real time. Whether the relief lasts depends on a risk that one record quarter cannot put to rest.

Accenture shares surge as consulting giant shrugs off AI fears

Shares in consulting giant Accenture surged on Thursday after the firm topped its own revenue targets and shrugged off the worst fears of an AI-induced slowdown. The New-York listed consultant said fourth-quarter revenues rose by six per cent to $18.7bn [£14.1bn], outpacing its own target of between $17.7bn [£13.4bn] to $18.4bn [£13.9bn]. Wall Street analysts had [...]