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Accenture (ACN) shares could remain on watchlists Friday after jumping more than 5% Thursday following a better-than-expected earnings report and outlook from the management consultancy giant.
ACN's fourth-quarter fiscal 2024 earnings and revenues increase year over year.
I remain bullish on Accenture plc stock due to their strong AI and cloud capabilities, with a one-year target price of $410 per share. Accenture's Consulting business shows early recovery signs, with 3% constant revenue growth, benefiting from potential interest rate cuts and increased AI demand. Accenture's restructuring towards AI and cloud computing is crucial for long-term growth, despite near-term margin compression from headcount increases in data and AI areas.
Accenture chair and CEO Julie Sweet joins CNBC's 'Squawk on the Street' to discuss the company's fourth quarter earnings beat, the value of AI for its future, and more.
Accenture (ACN) shares surged Thursday when the business management consultant reported better-than-expected revenue and gave solid guidance as it boosted bookings on higher demand for generative artificial intelligence (Gen AI) services. The company also increased its dividend and stock buyback program.
The management consulting and tech company beats earnings estimates by a penny and increases its quarterly dividend by 15%.
Accenture forecast annual revenue below Wall Street estimates on Thursday, as ongoing reductions in enterprise spending continue to weigh on the professional services sector.
NEW YORK--(BUSINESS WIRE)--Accenture reported financial results for the fourth quarter and full fiscal year ended August 31, 2024.
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Accenture plc (“Accenture” or the “Company”) (NYSE: ACN) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On March 21, 2024, Accenture released its second quarter fiscal 2024 financial results, missing consensus estimates and lowering its revenue outlook for the remainder of fiscal 202.
Accenture plc ACN will release earnings results for its fourth quarter, before the opening bell on Thursday, Sept. 26.