Accenture Beats Estimates as AI Bookings Surge 10%
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BTCCSquare news:
Accenture delivered a first-quarter earnings surprise, with adjusted EPS of $3.94 eclipsing the $3.74 consensus. Revenue climbed 6% to $18.7 billion, outpacing Wall Street's $18.51 billion forecast. The consultancy's AI segment shone brightest—$2.2 billion of its $20.9 billion new bookings involved artificial intelligence contracts.
Investors responded immediately, driving shares up 3.8% in premarket trading. The results validate Accenture's strategic pivot toward high-margin AI services while maintaining its full-year growth outlook of 2%-5%.
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