Finance
Accenture beats quarterly revenue estimates
Published by Global Banking and Finance Review
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Accenture's Q1 revenue hit $17.7 billion, surpassing estimates due to rising AI tool demand. New bookings rose to $18.7 billion.
(Reuters) -IT service provider Accenture beat Wall Street estimates for first-quarter revenue on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools.
Shares of the company rose 5% in premarket trading.
Businesses are investing heavily to scale their AI projects and digitize their core operations to boost efficiency and cut costs, which is helping companies such as Accenture.
The company's new bookings rose to $18.7 billion for the first quarter from $18.4 billion a year earlier.
Accenture's first-quarter revenue stood at $17.7 billion, beating analysts' estimates of $17.12 billion, according to data compiled by LSEG.
The company expects annual revenue to grow between 4% and 7%, compared with analysts' expectations of 5.63%. It had earlier forecast growth of 3%-6%.
(Reporting by Priyanka.G in Bengaluru; Editing by Krishna Chandra Eluri)
The article discusses Accenture's first-quarter revenue exceeding estimates due to increased demand for AI services.
Accenture reported first-quarter revenue of $17.7 billion, surpassing Wall Street estimates of $17.12 billion.
The growth was driven by businesses investing in AI projects and digitizing operations to enhance efficiency.
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