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.
- On Thursday, Accenture Plc stock soared 22.2% after the company reported record full-year bookings of $84.5 billion, beating fiscal 2026 earnings expectations.
- Accenture CEO Sweet stated the company views AI as a tailwind, with opportunities outweighing efficiency impacts as Q4 profit grew 46% year over year.
- Total revenue for fiscal 2026 reached $74.2 billion, with Accenture reporting a 15.4% gross margin for the year and $11.6 billion in free cash flow.
- Consulting demand relief lifted peers, with Infosys stock rising 8% to $11.61 and IBM shares climbing 5% on the company's strong performance.
- Management forecasts fiscal 2027 sales growth between 3% and 6% in local currency, with profits projected to grow 6% to 9% per share.
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Cognizant, IBM and Salesforce gain up to 13% after Accenture’s upbeat Q4 results lift sentiment
Shares of Cognizant, Salesforce and IBM climbed following Accenture's upbeat fiscal quarter, with Cognizant up 12.70%. Accenture reported $18.7 billion in revenue, exceeding forecasts, and announced a revenue growth outlook of 3% to 6% for fiscal 2027, enhancing market confidence.
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
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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.
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