Accenture reported Q4 revenue of $16.41bn, exceeding expectations due to strong demand for generative AI services.
Accenture announced a $4 billion share buyback and reported Q4 revenue of $16.41 billion, surpassing expectations due to strong demand for generative AI services. New bookings increased to $20.1 billion, with $1 billion from generative AI alone. Despite this growth, the company projected a revenue increase of 3-6% for 2025, slightly below analyst expectations. Shares rose nearly 7% in premarket trading following the announcements.
September 26, 2024
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