Accenture beat quarterly revenue expectations, reporting $18.04 billion in the three months ended February 28 - an 8.3% increase and above the estimated $17.84 billion. Strong demand for AI integration and cloud migration fueled growth.
CEO Julie Sweet said the company plans $5 billion in acquisitions this year, targeting fast-growing and AI-focused firms. AI utilization is now a formal component of employee performance reviews.
Bookings reached a record $22.1 billion in the second quarter. However, Accenture revised its annual revenue growth forecast range to 3-5%, lifting the lower bound but falling short of analyst expectations at 6.1%.
CFO Angie Park cited a projected 1% revenue impact in fiscal 2026 from reduced federal spending, with recovery expected by the fourth quarter. Geopolitical uncertainty in the Middle East also influenced guidance.