The logo of Accenture is displayed on a building, on the first day of the annual meeting in Davos, Switzerland, Jan. 15, 2024.
Denis Balibouse | Reuters
Shares of Accenture surged Thursday after the company’s fiscal fourth-quarter results beat estimates.
The consulting giant reported earnings per share of $3.29 on revenue of $18.68 billion. That exceeded LSEG consensus estimates of $3.18 earnings per share and revenue of $18.03 billion.
The stock surged more than 22%. That puts it on pace for its biggest one-day surge ever, FactSet data shows.
Full year adjusted earnings for fiscal 2026 amounted to $13.97 per share, up 8% year on year, while revenue totaled $74.2 billion, marking a 6% increase.
ACN 5-day chart
“These results reflect the continued trust our clients place in us to help them reinvent and create value, the high level of innovation we bring every day and the extraordinary commitment of our Reinventors to our clients’ success,” Chair and CEO Julie Sweet said in a press release Thursday, noting broad-based growth across the business and record cash returned to shareholders.
The company also posted a record in big-ticket client bookings, those valuing $100 million or more. On top of that, Accenture increased its quarterly dividend by 5% to $1.71 per share, which will be payable Nov. 13.
For its fiscal year 2027 outlook, Accenture sees 3%-6% year-over-year growth in both revenue and adjusted earnings per share.
Despite Thursday’s massive gain, the stock remains down more than 18% year to date due to worries that artificial intelligence will disrupt key business segments.
