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yesterday

Accenture Raises Annual Outlook on AI-Driven Q3 Gains as Bookings Miss Weigh on Shares

Generative AI bookings of $1.5 billion underpinned its decision to boost annual EPS guidance to nearly $12.9 per share.

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Accenture Q3 results today: What TCS, Infosys, Wipro stock investors should know, target prices

Overview

  • Accenture posted Q3 EPS of $3.49 on revenue of $17.73 billion, marking 8% growth and surpassing Wall Street projections.
  • New bookings declined 6% to $19.7 billion versus a $21.5 billion consensus, triggering a 4% drop in the stock price.
  • Generative AI-related contracts accounted for $1.5 billion of bookings, reflecting rising demand for the firm’s AI services.
  • The company elevated its full-year revenue forecast to 6–7% growth and raised EPS guidance to a range of $12.77–$12.89.
  • Accenture generated $3.5 billion in free cash flow, declared a $1.48 quarterly dividend, and reported 30 clients with quarterly bookings exceeding $100 million.