Accenture shares tumble on slashed revenue growth outlook

Accenture PLC (NYSE:ACN) shares fell astir 15% connected Thursday aft the consulting and exertion services institution lowered its fiscal 2026 gross maturation outlook, overshadowing third-quarter net that topped expert expectations.

The institution present expects fiscal 2026 gross maturation of 3% to 4% successful section currency, down from its erstwhile forecast of 3% to 5%.

Excluding an estimated 1% interaction from its US federal business, the institution expects gross maturation of 4% to 5%.

For the 4th ended May 31, Accenture reported adjusted net per stock of $3.80, exceeding analysts' statement estimation of $3.72.

Revenue roseate 6% twelvemonth implicit twelvemonth to $18.7 cardinal but came successful somewhat beneath Wall Street expectations of $18.78 billion.

The institution generated $19.3 cardinal successful caller bookings during the quarter, compared with $19.7 cardinal a twelvemonth earlier, portion operating borderline expanded 20 ground points to 17.0%.

Free currency travel totaled $3.6 billion, and Accenture returned $2.2 cardinal to shareholders done stock repurchases and dividends.

"Accenture delivered a beardown third-quarter, with broad-based gross growth, a 9% summation successful EPS, and $8.2 cardinal returned to shareholders year-to-date," the company's CEO Julie Sweet said successful a statement.

Sweet said request for large-scale reinvention projects remains strong, noting that Accenture recorded 104 lawsuit bookings valued astatine $100 cardinal oregon much year-to-date, up 13%, and is seeing an summation successful large-scale artificial quality translation programs.