Accenture Soars 23% as Record Bookings Dispel AI Demand Fears; Infosys Jumps 8%, IBM Climbs 5%
Accenture posted $84.5 billion in full-year bookings and $18.68 billion in fiscal fourth-quarter revenue, easing concerns about AI-driven consulting demand.
7 Articles
7 Articles
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
24/7 Wall St.
BizTocAccenture 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 [...]
Accenture rose more than 20% after exceeding quarterly forecasts, record a record of large contracts and raise its dividend, although concerns about the impact of artificial intelligence continue to weigh on its actions.
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
