Accenture reports strong Q1 revenue at $17.7B, driven by AI, but lowers Q2 forecast slightly.

Accenture reported strong first-quarter results, surpassing revenue estimates at $17.7 billion, fueled by high demand for its AI services. New bookings reached $18.7 billion, with a significant $1.2 billion from AI. Despite this, the company's second-quarter revenue forecast of $16.2 billion to $16.8 billion is slightly below analysts' expectations. Annual revenue growth is predicted between 4% and 7%.