US EditionAccenture Beats Q3 Revenue Estimates on Surging Demand for AI-Driven Services
- Accenture reported fiscal Q3 2025 revenue of $17.7 billion on June 20, exceeding Wall Street estimates with strong demand for AI-driven services.
- The revenue growth of 8% year-over-year followed a context of slowing U.S. federal contracts and a 6% decline in new bookings to $19.7 billion.
- To capitalize on AI opportunities, Accenture plans to consolidate its strategy, consulting, technology, operations, and song services into a new unit called reinvention services starting September 1.
- CEO Julie Sweet stated AI must be disruptive to create value and highlighted projects like an AI-powered ship launching in 2025 and AI-generated 3D avatars for coffee brands.
- Despite challenges in federal contracting and a 13% stock decline this year, Accenture raised its fiscal 2025 revenue growth outlook to 6%-7% and boosted earnings guidance, signaling resilience and confidence.
19 Articles
19 Articles
Accenture is giving consulting a new name as it doubles down on AI: 'reinvention services'
Accenture CEO Julie Sweet said the firm is merging departments into a new unit called "reinvention services" focused on AI.BRENDAN MCDERMID/ReutersCEO Julie Sweet said Accenture is doubling down on AI in an earnings call on Friday.She said the firm is creating a new business division focused on AI called "reinvention services."Sweet said that while bookings were down, revenue was up, and Accenture sees future potential in AI.After more than 35 y…
Accenture: Growth Despite Headwinds @themotleyfool #stocks $ACN
Accenture, the consulting giant, managed to exceed revenue expectations for the third quarter of the fiscal year. According to the original report, the company reported revenues of $17.7 billion for the quarter that ended May 31. This figure exceeded the analysts' average estimate of $17.30 billion.Incomes at the center of attentionThe $400 million difference between Wall Street analysts' forecasts and the final results speaks alone of Accenture…
Accenture beats Q3 revenue estimates on surging demand for AI-driven services
Accenture reported third-quarter revenue of $17.7 billion, exceeding Wall Street's expectations of $17.30 billion, driven by increased demand for AI-driven services from enterprise clients. The quarter ended on May 31, and the fiscal year concludes on August 31.
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