{"id":356274,"date":"2025-12-18T15:52:09","date_gmt":"2025-12-18T15:52:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/356274\/"},"modified":"2025-12-18T15:52:09","modified_gmt":"2025-12-18T15:52:09","slug":"accenture-beats-quarterly-revenue-estimate-on-strong-demand-for-ai-services","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/356274\/","title":{"rendered":"Accenture beats quarterly revenue estimate on strong demand for AI services"},"content":{"rendered":"\n<p class=\"yf-7hmkaz\">Dec 18 (Reuters) &#8211; Accenture beat Wall Street expectations for first-quarter revenue on Thursday, buoyed by robust demand \u200bfor its artificial intelligence-driven IT services as the \u200ccompany advances its AI strategy to capture greater market share.<\/p>\n<p class=\"yf-7hmkaz\">The company&#8217;s aggressive \u200cAI push underscores a wider industry trend of enterprises using machine learning tools to help speed up mundane and complex tasks, freeing up resources to focus elsewhere, as investors \u2060bet on these \u200cprocesses to massively boost growth.<\/p>\n<p class=\"yf-7hmkaz\">&#8220;I am very pleased with our $21 billion in new bookings, including \u200d33 clients with quarterly bookings greater than $100 million,&#8221; said CEO Julie Sweet.<\/p>\n<p class=\"yf-7hmkaz\">Accenture partnered with top AI startups Anthropic and <a href=\"https:\/\/www.yahoo.com\/organizations\/openai\/\" data-ylk=\"slk:OpenAI;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a> earlier this \u200bmonth to train its employees on their models and \u200cfamiliarize with their latest capabilities to upskill workers and stay ahead of competitors.<\/p>\n<p class=\"yf-7hmkaz\">The IT consulting company, however, is contending with uneven demand from public sector and government clients amid a federal drive to cut spending and refocus \u2060funds.<\/p>\n<p class=\"yf-7hmkaz\">It forecast second-quarter revenue to be \u200bbetween $17.35 billion and $18 billion, the midpoint \u200bof which is below analysts&#8217; expectations of $17.78 billion, according to data compiled by LSEG.<\/p>\n<p class=\"yf-7hmkaz\">Shares of the \u200dcompany were \u2060down around 2% in premarket trading.<\/p>\n<p class=\"yf-7hmkaz\">Accenture reported revenue of $18.74 billion for the first quarter, compared with the estimate \u2060of $18.52 billion.<\/p>\n<p class=\"yf-7hmkaz\">The company earned $3.94 per share on an adjusted basis, while \u200canalysts expected $3.74 per share.<\/p>\n<p class=\"yf-7hmkaz\">(Reporting by Zaheer Kachwala in \u200cBengaluru; Editing by Shilpi Majumdar)<\/p>\n","protected":false},"excerpt":{"rendered":"Dec 18 (Reuters) &#8211; Accenture beat Wall Street expectations for first-quarter revenue on Thursday, buoyed by robust demand&hellip;\n","protected":false},"author":2,"featured_media":356275,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[10459,182,181,507,176624,74],"class_list":{"0":"post-356274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-accenture","9":"tag-ai","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-robust-demand","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/356274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=356274"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/356274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/356275"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=356274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=356274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=356274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}