Accenture's stock price soars 22%, setting a new record for the best trading day in history
2026-10-02 01:25:26
CoinMeta US stock data: Accenture's stock price soared 22% on Thursday, marking its best trading day ever, as the company's strong financial report guidance alleviated market concerns that artificial intelligence might erode the service model of IT. In Accenture's fourth-quarter report for fiscal year 2026, revenue reached $18.7 billion, a year-on-year increase of 6%, and new orders amounted to $22.2 billion. The company expects revenue growth in fiscal year 2027 to range from 3% to 6% in local currency, higher than Wall Street's forecast of 3.9%. This outlook reverses market concerns that generative AI could automate most of the work in consulting, outsourcing, and software implementation. Management also plans to spend approximately $5 billion on acquisitions in fiscal year 2027, with a focus on capabilities that can accelerate growth in areas such as AI and cybersecurity.
Source:Coinpaper
This content is for market information only and does not constitute investment advice.
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