Accenture Q4 revenue rises 7% on higher AI demand, above estimates
Akcenture announced its fourth-quarter revenue. The revenue surpassed Wall Street estimates. This was driven by strong demand for AI consulting. Enterprise clients are scaling up AI projects. They are digitizing operations and focusing on data sec...
By Reuters |
Reuters
Accenture on Thursday reported fourth-quarter revenue slightly above Wall Street estimates, driven by resilient demand from enterprise clients for its AI-driven consulting and services.
Shares of the Dublin-based company were up 3.7% in choppy premarket trading.
Businesses are scaling up AI projects, digitizing core operations and prioritizing data security to drive growth and cut costs, trends that benefit Accenture.
The company recorded new bookings of $21.3 billion for the quarter.
The company posted fourth-quarter revenue of $17.6 billion, beating analysts' average estimate of $17.36 billion, according to data compiled by LSEG.
Shares of the Dublin-based company were up 3.7% in choppy premarket trading.
Businesses are scaling up AI projects, digitizing core operations and prioritizing data security to drive growth and cut costs, trends that benefit Accenture.
The company recorded new bookings of $21.3 billion for the quarter.
The company posted fourth-quarter revenue of $17.6 billion, beating analysts' average estimate of $17.36 billion, according to data compiled by LSEG.
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