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Accenture Stock News
$208.36
5.96%
NYSE, Oct 08, 04:07 pm EDT.
Closed.
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NEW YORK--(BUSINESS WIRE)--Accenture and Dell Technologies announced a major expansion of their 20+ year collaboration with the formation of the Accenture Dell Business Group.
US software stocks are touching fresh 2026 highs, supported by a sharp rise in earnings expectations, which according to several analysts indicate that fears over AI-led disruption in the sector were largely overstated.
The Federal Bureau of Investigation removed an Accenture contractor on Monday over their role in a damaging data breach that exposed sensitive personal details of thousands of bureau employees, two sources familiar with the matter told Reuters.
India's Nifty IT Index advanced about 1.5% on Monday after IT services giant Accenture forecast stronger-than-expected annual revenue growth, lifting sentiment toward the sector and easing concerns that AI-driven disruption could weigh on technology spending.
IBM stock gained on Thursday as strong earnings from Accenture boosted sentiment around the consulting sector. The company also announced a self-hosted deployment option for IBM Bob, its agentic software development platform.
Accenture (ACN) reported impressive Q4 results this morning, featuring a 6% increase in revenue to $18.7 billion and a 46% year-on-year earnings growth to $3.29 per share. Yet, TD Cowen's senior analyst Bryan Bergin maintained a “cautious stance” – reiterating a Hold rating on the software giant with a bearish price target of $173.
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