Accenture tops quarterly revenue estimates on strong demand for GenerativeAI services [Globe and Mail, The (Toronto, Canada)]
Accenture plc Class A Ordinary Shares (Ireland) (ACN)
Last accenture plc class a ordinary shares (ireland) earnings: 3/19 06:44 am
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Source: Globe and Mail, The
Listen to this article Log in or create a free account to listen to this article. IT service provider Accenture ACN-N decrease beat Wall Street estimates for first-quarter revenue on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools. Shares of the company rose 5 per cent in premarket trading. Businesses are investing heavily to scale their AI projects and digitize their core operations to boost efficiency and cut costs, which is helping companies such as Accenture. The company's new bookings rose to $18.7-billion for the first quarter from $18.4-billion a year earlier. Ahead of the results, analysts said tech budgets for fiscal year 2025 will likely improve which bodes well for IT service providers such as Accenture and EPAM. Accenture's GenerativeAI business recorded new bookings of $1.2-billion, whereas its consulting and outsourcing segments reported $9.2-billion and $9.5-billion, respectively. Its first-quarter reven
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- Accenture plc (NYSE: ACN) had its price target raised by analysts at BMO Capital Markets from $390.00 to $425.00. They now have a "market perform" rating on the stock.MarketBeat
- Accenture plc (NYSE: ACN) had its price target raised by analysts at Jefferies Financial Group Inc. from $355.00 to $385.00. They now have a "hold" rating on the stock.MarketBeat
- Why Did Accenture Plc (ACN) Jump Yesterday? [Yahoo! Finance]Yahoo! Finance
- Accenture plc (NYSE: ACN) had its price target raised by analysts at UBS Group AG from $450.00 to $455.00. They now have a "buy" rating on the stock.MarketBeat
- Accenture PLC (ACN) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amidst Competitive ... [Yahoo! Finance]Yahoo! Finance
ACN
Earnings
- 9/26/24 - Beat
ACN
Sec Filings
- 12/19/24 - Form 10-Q
- 12/19/24 - Form 8-K
- 12/16/24 - Form DEF
- ACN's page on the SEC website