Accenture beats quarterly revenue estimates on strong AI demand
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Accenture reported quarterly revenue of $18.04 billion, surpassing estimates of $17.84 billion, driven by strong demand for AI and cloud services, resulting in a 3% share increase. The company’s profit rose to $2.93 per share from $2.82 a year ago. Accenture raised its annual revenue growth forecast to a range of 3% to 5%, though below analysts' expectations of 6.1%. CEO Julie Sweet highlighted a $5 billion investment in AI-focused acquisitions, while CFO Angie Park noted a potential 1% revenue hit in fiscal 2026 due to reduced federal spending.
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