Accenture beats third-quarter revenue estimates

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Accenture beat Wall Street estimates for third-quarter revenue on Friday, driven by growing demand for the consulting giant’s AI-driven services from enterprise customers.

It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, according to data compiled by LSEG.

Shares of the company fell 2.6% in premarket trading after Accenture said new bookings decreased 6% to $19.7 billion in the third quarter.

The company is grappling with weak US federal contracting environment as the Trump…



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Accenture beats third-quarter revenue estimates


Accenture beat Wall Street estimates for third-quarter revenue on Friday, driven by growing demand for the consulting giant’s AI-driven services from enterprise customers.

It reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts’ average estimate of $17.30 billion, according to data compiled by LSEG.

Shares of the company fell 2.6% in premarket trading after Accenture said new bookings decreased 6% to $19.7 billion in the third quarter.

The company is grappling with weak US federal contracting environment as the Trump…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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