Accenture shares rose more than 22% Thursday after the consulting and technology services company reported fiscal fourth-quarter results that beat Wall Street estimates, CNBC (opens in new tab) reported. Citing FactSet data, CNBC (opens in new tab) said the stock was on pace for its biggest one-day gain. IBTimes (opens in new tab) reported that the shares were up $41.32, or 22.53%, at $224.69 at 10:19 a.m. Eastern time.
For the quarter ended Aug. 31, Accenture reported revenue of $18.68 billion, up 6% in U.S. dollars and 7% in local currency. That was above the $17.75 billion to $18.40 billion range the company had forecast, according to its earnings release. Diluted earnings per share were $3.29, up 46% from a year earlier. CNBC (opens in new tab) reported that analysts surveyed by LSEG had expected $3.18 a share on $18.03 billion in revenue. IBTimes (opens in new tab) gave quarterly revenue as $18.70 billion.
New bookings for the quarter totaled $22.17 billion, the company said. For fiscal 2026, Accenture reported revenue of $74.2 billion, up 6%, GAAP earnings of $13.56 a share and adjusted earnings of $13.97 a share, up 8%, according to the release. The company said it reached “a new high of 141 quarterly client bookings of $100 million or more.”
“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,” CEO Julie Sweet said, according to CNBC (opens in new tab).
Accenture declared a quarterly dividend of $1.71 a share, a 5% increase, payable Nov. 13, 2026. For fiscal 2027 it forecast revenue growth of 3% to 6% in local currency and GAAP earnings of $14.39 to $14.81 a share, and said it plans to return at least $9.5 billion to shareholders, according to the release. IBTimes (opens in new tab) reported that analysts had expected about $76.41 billion in fiscal 2027 revenue, and Investor's Business Daily (opens in new tab) reported that the outlook came in above expectations.
Even after Thursday’s gain, CNBC (opens in new tab) reported, the stock remained down more than 18% this year amid investor concern that artificial intelligence could disrupt consulting work.