Stock struggles as Accenture disappoints with its growth forecasts

Accenture's quarterly results exceeded expectations, reporting a net profit of $1.41bn, but its growth forecasts for FY 2025/2026 disappointed the market. The company anticipates annual earnings growth of 5% to 8%, below market expectations, and revenue growth of 3% to 6%, a decline from the previous year's 7%. Despite increasing its quarterly dividend by nearly 10% and announcing a $5bn share buyback, Accenture's stock fell over 4% in pre-market trading, reflecting a 32% decline since the start of the year.