Reported 11 days ago
Accenture reported better-than-expected quarterly results, highlighted by a $4 billion share buyback, driven by robust demand for generative AI services. The company's generative AI bookings reached $3 billion for the year, significantly outperforming other business segments. Despite a 3.3% rise in shares following the announcement, future growth forecasts fell short of analyst expectations. Analysts predict a slow recovery for the IT services sector, affecting discretionary spending patterns.
Source: YAHOO