Reported 2 days ago
Accenture surpassed Wall Street expectations for first-quarter revenue and profit, driven by surging demand for AI services, leading to a 6.5% rise in shares. The company recorded $1.2 billion in new bookings for GenerativeAI and raised its annual revenue growth forecast to 4%-7%, though the mid-point fell short of analysts' predictions. Its first-quarter revenue reached $17.7 billion, boosted by growth in the Americas and health sectors, while the forecast for second-quarter revenue suggests a potential shortfall compared to analyst estimates.
Source: YAHOO