Accenture beats earnings estimates, shares surge
The consulting firm delivered Q4 revenue of $18.7 billion and full-year sales of $74.2 billion, beating estimates.
Palanor Wire · composed from 3 outlets · every claim links to its sources
What happened
Accenture reported Q4 revenue of $18.7 billion, up 6.3% year-over-year. 13 GAAP earnings per share reached $3.29, beating estimates by $0.11. 3 Full-year revenues totaled $74.2 billion. 2 Shares surged following the results. 123
Why it matters
The performance came despite concerns that AI would hurt the consulting sector. 2 Accenture beat revenue expectations by $660 million. 3
Sources · 3
[1]Accenture shares surge as consultancy boosts sales
FT Companies
[2]Accenture GAAP EPS of $3.29 beats by $0.11, revenue of $18.7B beats by $660M (ACN:NYSE)
seekingalpha.com · via Marketaux
[3]Accenture Reports Strong Q4 Earnings, Stock Rises (ACN)
gurufocus.com · via Marketaux
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