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Accenture shares surge on strong earnings and AI demand
Accenture shares surged by as much as 22% following a strong fourth-quarter earnings report and optimistic guidance, marking one of the company’s best trading days. The results helped alleviate market fears that generative artificial intelligence might erode the IT services and consulting business model. Instead, the company indicated that AI is driving demand as clients seek external expertise to integrate new technologies and redesign workflows.
Accenture reported Q4 revenue of $18.7 billion, a 6% increase, and earnings per share of $3.29, which exceeded analyst expectations. The company also reported record new bookings of $22.2 billion. Looking ahead to fiscal 2027, Accenture provided revenue growth guidance of 3% to 6%, which was higher than many Wall Street estimates. CEO Julie Sweet noted that the company plans to invest approximately $5 billion in acquisitions during fiscal 2027 to accelerate growth in areas like AI and cybersecurity.
The positive performance had a ripple effect across the IT services sector, lifting shares of competitors including Infosys, Cognizant, Wipro, and IBM.
Entities
Accenture · Angie Park · Anthropic · Cognizant · IBM · Infosys · Julie Sweet
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Accenture plans to invest $5 billion in acquisitions in 2027. www.terra.com.br
- [○ 1 SOURCE] Accenture entered into a multi-billion dollar AI partnership with Anthropic. www.terra.com.br
- [○ 1 SOURCE] Accenture issued fiscal 2027 earnings per share guidance of $14.39 to $14.81. www.marketbeat.com
- [● 2 SOURCES] Accenture shares rose over 23% to $226.05 in pre-market trading following the report. thecryptobasic.com · www.terra.com.br
- [○ 1 SOURCE] The earnings report led to stock increases for Cognizant, IBM, Wipro, and Infosys. www.terra.com.br
- [○ 1 SOURCE] Accenture reported $3.29 earnings per share for the quarter. www.marketbeat.com
- [● 2 SOURCES] Accenture reported quarterly revenue of $18.68 billion. www.marketbeat.com · thecryptobasic.com
- [○ 1 SOURCE] Accenture guided to local-currency revenue growth of 3% to 6% for fiscal 2027. thecryptobasic.com