By Mackenzie Tatananni
Accenture shares looked set to continue their 2026 slump on Thursday after the information-technology firm's latest earnings report failed to allay investors' concerns.
The information-technology company posted adjusted earnings of $2.93 a share for its fiscal second quarter, beating Wall Street's calls for $2.84. Total revenue of $18 billion edged past the $17.8 million analysts had anticipated and was an increase from $16.7 million in the same period last year.
Accenture narrowed its adjusted earnings outlook to a range of $13.65 to $13.90 a share. This compares with an earlier forecast of $13.52 to $13.90. The company is now targeting 4% to 6% revenue growth in local currency, versus a prior range of 3% to 6%.
Shares last month were swept up in a broad software selloff as investors mulled over the possibility of artificial-intelligence disruption to Accenture's consulting business. The stock fell 3.1% in premarket trading Thursday, lagging behind Nasdaq Composite futures, which slipped 0.2%.
Accenture shares have plunged 27% this year and 35% over the past 12 months. The tech-heavy Nasdaq Composite, by comparison, has fallen 4.7% in 2026 and risen 25% over a 12-month span.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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(END) Dow Jones Newswires
March 19, 2026 07:01 ET (11:01 GMT)
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