Update 2 - Accenture expects its annual sales to exceed forecasts, driven by strong consulting demand.
路透社2026/10/01 11:46Details, background information, and stock price updates supplemented
Reuters, October 1 - Accenture ACN.N predicted on Thursday that thanks to strong demand for its consulting services, the company's full-year revenue growth will exceed market expectations, which boosted its stock price by more than 17% in pre-market trading.
This forecast indicates that despite macroeconomic uncertainties and the disruptive threat posed by artificial intelligence (factors that previously hit its stock price hard), Accenture’s consulting business has remained resilient .
As of the close of the previous trading day, this Dublin, Ireland-based company’s shares have fallen 31% so far this year.
According to data compiled by London Stock Exchange Group (LSEG), consulting revenue for the fourth quarter totaled $9.28 billion, higher than analysts’ forecast of $8.86 billion.
Fourth quarter new orders increased by 4% year-on-year to $22.17 billion, reflecting resilient client spending on IT projects.
Accenture expects full-year revenue growth to be between 3% and 6%, while the analysts’ average forecast was 3.9%.
In July this year, rival Cognizant (CTSH.O ) raised (link) its full-year profit outlook after strong growth in its financial services business.
Accenture reported that fourth-quarter revenue was $18.68 billion, exceeding the analysts’ average forecast of $18.03 billion.
(To assist those who are not native English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of translated texts, which are provided solely for the convenience of readers. Reuters bears no responsibility for any damage or losses caused by the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Mattel, the maker of Barbie dolls, surges 19%! Acquired by Authentic Brands Group with an offer possibly exceeding $20 per share
According to media reports, Authentic Brands Group has privately approached Mattel to discuss an acquisition offer. The bid could exceed $20 per share, corresponding to an overall valuation of around $6 billion or higher. There is no guarantee that both parties will eventually reach an agreement. Additionally, with a new CEO about to take charge at Mattel, whose strategic plans have yet to be clarified, the potential deal may become even more complex.
The British Pound slides again as UK government bonds sell off
Horace Mann Completes Acquisition of Employee Services