Accenture Tempers Outlook as 3Q Bookings Fall
By Connor Hart
Accenture tempered its outlook for the year and said bookings fell in its fiscal third quarter, despite continually strong artificial-intelligence adoption that drove demand for its services.
The technology-consulting company on Thursday posted net income of $2.34 billion for its three months ended May 31, compared with $2.2 billion a year earlier. Quarterly earnings came out to $3.80 a share, compared with analyst views for $3.71 a share, according to FactSet.
Revenue rose 5.6% to $18.72 billion, compared with Wall Street models for $18.78 billion.
New bookings fell to $19.3 billion from $19.7 billion last year.
Chief Executive Julie Sweet said demand for large-scale AI transformation programs remains strong, and that the company is additionally executing its strategy to capture new areas of growth.
Looking ahead, Accenture narrowed its fiscal-year outlook, now guiding for revenue growth of 3% to 4% in local currency, compared with a prior forecast for growth of 3% to 5%. The company also raised the floor of its adjusted earnings outlook to $13.78 a share from $13.52 a share, while maintaining the ceiling at $13.90 a share.
Shares fell 10% in premarket trading, to $140.05.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 18, 2026 07:23 ET (11:23 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for November
This Once-Hot AI Stock Now Looks Deeply Undervalued
The 10 Best Companies to Invest in Now
Tech Stocks Sell Off as Intel, Amazon Earnings Spook Investors
United States