Shares of Accenture soared on Thursday after the company reported its latest quarterly financial results, which exceeded expectations. According to a report by CNBC, the global consulting giant announced earnings per share of $3.29 and revenue of $18.68 billion. This surpassed the average estimates by LSEG, which predicted earnings per share of $3.18 and revenue of $18.03 billion.
The surge in Accenture's stock price was significant, with the shares jumping over 22%. This puts the stock on track to record its largest one-day gain ever, according to data from FactSet. The company's strong quarterly performance was driven by broad-based growth across various business segments. Additionally, Accenture reported adjusted earnings for the full fiscal year 2026 of $13.97 per share, representing an 8% increase year-over-year.
Accenture's total revenue for the fiscal year 2026 reached $74.2 billion, marking a 6% growth. According to Julie Sweet, Chair and CEO, the company's strong results reflect the continued trust from clients in helping them reinvent their businesses and create value. Sweet also highlighted the high level of innovation delivered by the company's teams and the commitment to client success.
Accenture achieved a record number of large client contracts, defined as those valued at $100 million or more. The company also returned a record amount of cash to shareholders. As part of its shareholder return program, Accenture increased its quarterly dividend by 5% to $1.71 per share, payable on November 13.
Looking ahead to the fiscal year 2027, Accenture expects revenue and adjusted earnings per share growth to be in the range of 3% to 6% year-over-year. Despite the significant gains on Thursday, Accenture's stock remains down over 18% year-to-date due to concerns that artificial intelligence may disrupt key business segments.
The company's strong quarterly performance was driven by the continued demand for its consulting and technology services. Accenture's growth was broad-based across various industries, including finance, healthcare, and consumer goods. The company's ability to deliver innovative solutions and create value for clients has been a key driver of its success.
Accenture's commitment to shareholder returns and its focus on delivering long-term growth have been key factors in its success. The company's strong quarterly results and record client contracts demonstrate its ability to execute on its strategy and create value for shareholders. As the company looks ahead to the fiscal year 2027, investors will be closely watching its progress in driving growth and innovation.
Key points
- Accenture's stock surges over 20% after strong quarterly results.
- The company reports adjusted earnings for the full fiscal year 2026 of $13.97 per share, representing an 8% increase year-over-year.
- Accenture expects revenue and adjusted earnings per share growth to be in the range of 3% to 6% year-over-year in the fiscal year 2027.
