$Accenture(ACN.US)

Context: I bought ACN last year because I saw it as a long-term play on enterprise technology spending and digital transformation. The stock has had a difficult 2026 with concerns that AI could disrupt traditional consulting and pressure growth.

My trade: I only have a small position, so I’ve been comfortable holding through the volatility rather than averaging down aggressively.

The latest quarter gave me some encouragement. Revenue rose 7% in local currency to $18.7B, consulting also grew 7%, and new bookings reached $22.2B. FY27 guidance calls for 3–6% revenue growth.

Takeaway: The results don't remove my concerns about slower growth or AI changing the consulting model but they do show that client demand hasn't disappeared. For me, the next question is whether ACN can turn AI from a disruption risk into a new source of growth.