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Accenture's 2026 fiscal year new bookings reached a record $84.5 billion, with guidance exceeding expectations, sending its stock soaring over 20% intraday.
Global consulting and IT services giant Accenture (ACN) reported a 6% year-over-year increase in revenue to $18.68 billion for the fourth quarter of fiscal year 2026, exceeding both the company's guidance upper limit and market expectations. New orders for the quarter reached $22.17 billion, with full-year new orders hitting a record $84.5 billion. The company projects revenue growth of 3% to 6% for fiscal year 2027, surpassing the average market forecast. This performance temporarily alleviated market concerns that AI might diminish demand for traditional consulting services. Accenture's stock price surged over 20% at one point during intraday trading on Thursday, October 1, ET.
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