Futures are trading mixed as we prepare to finish the last full week of the second quarter.
Accenture is rated Strong Buy after a sharp share price decline post-FY Q3 2026 earnings, with market fears of AI-driven disruption seen as overblown. ACN trades at
Stocks of major Indian information technology companies fell as much as 7% on Friday. Infosys led sector declines as the Nifty IT index dropped more than 5%.
Accenture remains a strong buy despite continued stock declines and market fears of AI-driven disruption. Q3 results show resilient revenue growth, robust profitability, and continued expansion in AI and cybersecurity. Valuation is at a deep discount, with a forward P/E of 11.26 — over 50% below the sector median, reflecting excessive market pessimism.
Accenture plc is mispriced as an AI victim despite stable growth, solid margins, and strong free cash flow. AI adoption among enterprise clients is slow, delaying revenue acceleration but positioning ACN as a trusted implementation partner. Q3 '26 saw 3% local-currency revenue growth and a 3% bookings decline, yet operating margins and FCF remain robust.
Accenture's Q3 earnings beat estimates as managed services' revenues grow, margins improve and cash flow remains strong.
Shares fall 17% as CEO says the IT consulting firm will bring in less revenue than expected in the coming months
Accenture plc (ACN) Q3 2026 Earnings Call Transcript
Accenture PLC (NYSE:ACN) shares fell almost 15% on Thursday after the consulting and technology services company lowered its fiscal 2026 revenue growth outlook, overshadowing third-quarter earnings that topped analyst expectations. The company now expects fiscal 2026 revenue growth of 3% to 4% in local currency, down from its previous forecast of 3% to 5%.
Shares of consulting and technology services giant Accenture plunged 14% in premarket trading on Thursday after the company lowered the top end of its annual revenue growth forecast, underscoring concerns that businesses remain cautious about spending on discretionary technology projects. The company now expects annual revenue growth of 3% to 4%, compared with its earlier forecast of 3% to 5%.
The consulting company's outlook came up short of expectations, and at least one analyst wonders if newly announced deals will bring complex integration challenges.
Accenture (ACN) came out with quarterly earnings of $3.8 per share, beating the Zacks Consensus Estimate of $3.7 per share. This compares to earnings of $3.49 per share a year ago.