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Results▲ Bullish for Accenture
Accenture expects higher AI spending by clients as token costs fall
The brief
- Accenture expects higher client AI spending as token costs fall; its shares rose 22% in New York
- Infosys and Wipro shares followed Accenture higher
- Stronger AI spending expectations support sentiment for Indian IT services companies Infosys and Wipro
- Accenture Stock Climbs as AI Demand Boosts Results
- Swiss logistics major Kuehne+Nagel opens Chennai tech centre
- Accenture faces investor scrutiny as it pivots toward AI
Accenture results lift IT shares
Accenture reported Q4 revenue of $18.7 billion, up 6% year on year, and EPS of $3.29, beating forecasts. It forecast FY27 revenue growth of 3–6%, and its results were followed by gains across IT shares.
Thursday, 1 October
- Accenture expects higher AI spending by clients as token costs fall