Accenture Posts Fourth Quarter Revenue Above Estimates
Reuters09-25
Accenture ACN.N on Thursday reported fourth-quarter revenue slightly above Wall Street estimates, driven by resilient demand from enterprise clients for its AI-driven consulting and services.
Shares of the Dublin-based company were up 1% in choppy premarket trading.
Businesses are scaling up AI projects, digitizing core operations and prioritizing data security to drive growth and cut costs, trends that benefit Accenture.
The company recorded new bookings of $21.3 billion for the quarter.
The company posted fourth-quarter revenue of $17.6 billion, beating analysts' average estimate of $17.36 billion, according to data compiled by LSEG.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
