Latest news with #Accenture
Yahoo
an hour ago
- Business
- Yahoo
Why Accenture (ACN) Stock Is Trading Lower Today
Shares of global professional services company Accenture (NYSE:ACN) fell 7% in the afternoon session after the company reported weak first quarter 2025 (fiscal Q3) results: bookings in the quarter (a leading indicator of revenue) missed and EPS guidance was just in line. There were likely concerns about the sales pipeline as the number of new bookings (leading revenue indicator) fell 7%, compared to the more modest decline in the previous quarter. On the other hand, Accenture's revenue beat expectations. Revenue guidance for next quarter also topped Wall Street's estimates. Despite raising its full-year guidance for both revenue and EPS, the market's focus remained on the deceleration in bookings, suggesting concerns about the company's near-term growth prospects and the competitive landscape for IT services. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Accenture? Access our full analysis report here, it's free. Accenture's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Accenture is down 18.6% since the beginning of the year, and at $284.07 per share, it is trading 28.7% below its 52-week high of $398.25 from February 2025. Investors who bought $1,000 worth of Accenture's shares 5 years ago would now be looking at an investment worth $1,402. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Sign in to access your portfolio
Yahoo
an hour ago
- Business
- Yahoo
Why Accenture (ACN) Stock Is Trading Lower Today
Shares of global professional services company Accenture (NYSE:ACN) fell 7% in the afternoon session after the company reported weak first quarter 2025 (fiscal Q3) results: bookings in the quarter (a leading indicator of revenue) missed and EPS guidance was just in line. There were likely concerns about the sales pipeline as the number of new bookings (leading revenue indicator) fell 7%, compared to the more modest decline in the previous quarter. On the other hand, Accenture's revenue beat expectations. Revenue guidance for next quarter also topped Wall Street's estimates. Despite raising its full-year guidance for both revenue and EPS, the market's focus remained on the deceleration in bookings, suggesting concerns about the company's near-term growth prospects and the competitive landscape for IT services. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Accenture? Access our full analysis report here, it's free. Accenture's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. Accenture is down 18.6% since the beginning of the year, and at $284.07 per share, it is trading 28.7% below its 52-week high of $398.25 from February 2025. Investors who bought $1,000 worth of Accenture's shares 5 years ago would now be looking at an investment worth $1,402. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Economic Times
an hour ago
- Business
- Economic Times
Accenture shares tank 11% despite beating Q3 revenue estimates. Infosys ADRs fall 3%
Accenture reported revenue of $17.7 billion for the quarter ended May 31, compared with the analysts' average estimate of $17.30 billion. Accenture's shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT ADRs like Infosys also declined, while domestic IT stocks showed mixed performance, with gains in tier-2 companies and HCL Technologies, contrasting with losses in Infosys and LTIMindtree. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Accenture shares fell 11% on Friday, hitting the day's low of $273.19, notwithstanding a revenue beat for third quarter driven by growing demand for the consulting giant's AI-driven services from enterprise reported revenue of $17.7 billion for the quarter ended May 31, compared with analysts' average estimate of $17.30 billion, Reuters reported, citing data compiled by company is grappling with a weak U.S. federal contracting environment as the Trump administration has slowed new contracts and cut existing agreements in a bid to reduce federal spending, the report said, adding that the company said these changes have not had a material impact on its operations or financial indices on Wall Street were trading mixed, with the Dow 30 at 42,225.90, up 54.23 points or 0.13%. The S&P 500 was down 9.35 points or 0.16%, while the Nasdaq Composite traded at 19,464.10, down 82.13 points or 0.42%, around 12:23 PM GMT-4 (9:54 PM IST).Taking cues, the American Depository Receipts (ADRs) of India's frontline IT companies, Infosys and Wipro , were also down. While Infosys ADRs were down 3% to hit the day's lows of $17.89, Wipro ADRs were marginally down at 0.33%.Indian headline indices ended their three-session losing streak on Friday, led by bank, energy and IT stocks. Individually, HDFC Bank and Reliance Industries (RIL) contributed the most. While Nifty gained 319.15 points or 1.29% to close at 25,112.40, the 30-stock S&P BSE Sensex finished at 82,408.17, rising by 1,046.30 points or 1.29%.Indian IT stocks today ended with strong gains, with tier-2 stocks taking the lead. Persistent Systems jumped 3.5% and was followed by Coforge , which rallied 2%. Mphasis was also up by over 1% at the closing largecap stocks, HCL Technologies was the top gainer, rising by 1.3%.Others, including Oracle Financial Services Software (OFSS), Tech Mahindra Tata Consultancy Services (TCS) and Wipro, settled with gains up to 0.8%.Among laggards were Infosys and LTIMindtree, which closed in the 10-stock Nifty IT index ended with an uptick of 0.84%.
Economic Times
an hour ago
- Business
- Economic Times
US Stock market today: Wall Street edges higher as Trump comments jolt Fed outlook, chip stocks rebound sharply after recent slump
Why are chip stocks under pressure again? Live Events Circle extends rally on crypto optimism Accenture, Kroger, CarMax in the earnings spotlight Accenture (ACN) tumbled 6% as bookings fell 6% YoY to $19.7 billion, despite revenue and earnings beating estimates. The firm is grappling with slower federal contract activity under Trump's spending cuts. tumbled 6% as bookings fell 6% YoY to $19.7 billion, despite revenue and earnings beating estimates. The firm is grappling with slower federal contract activity under Trump's spending cuts. Kroger (KR) jumped nearly 9% after raising its full-year sales outlook, though it kept profit guidance unchanged amid persistent consumer caution. jumped nearly 9% after raising its full-year sales outlook, though it kept profit guidance unchanged amid persistent consumer caution. CarMax (KMX) rallied over 6% following strong earnings and revenue growth, driven by a 5.8% jump in used car sales. What's the impact of 'triple witching' on stocks? S&P 500 (GSPC): -0.3% -0.3% Nasdaq Composite (IXIC): -0.7% -0.7% Dow Jones (DJI): +0.2% +0.2% Crude Oil (CL=F): +0.16% to $75.26 +0.16% to $75.26 Circle (CRCL): +13.63% to $226.76 +13.63% to $226.76 Accenture (ACN): -6.05% -6.05% Kroger (KR): +8.70% +8.70% CarMax (KMX): +6.12% Why is Trump's two-week Iran deadline rattling investors? Could July be the turning point for Fed rate cuts? What does the market reaction say about investor sentiment? How are Trump's tariffs influencing the Fed's outlook? What should investors watch for next? Any statements from the Trump administration regarding the Iran deadline Progress in the European diplomatic talks with Iran Key economic data releases including inflation and jobless claims Comments from other Fed officials, which may further guide rate expectations FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US stock market today showed mixed signals as Wall Street reacted to two major developments — President Donald Trump's two-week deadline on military action against Iran and renewed expectations for a Federal Reserve interest rate cut by July. As traders returned after the Juneteenth holiday break, markets digested global tensions and economic policy Dow Jones Industrial Average (^DJI) climbed 0.4%, while the S&P 500 (^GSPC) posted a modest 0.2% gain. In contrast, the Nasdaq Composite (^IXIC) dipped slightly below the flatline, reflecting cautious investor sentiment, especially in tech slipped on Friday as investors digested geopolitical tensions, mixed economic signals, and rising trade risks. The S&P 500 fell 0.3% while the Nasdaq Composite shed 0.7%. The Dow Jones Industrial Average hovered near the flatline, adding just 0.2%.Tech stocks, especially semiconductors, were hit hard after a Wall Street Journal report revealed the US is considering revoking key waivers that allow global chipmakers to use American tech in (NVDA) slipped over 1%, while Lam Research (LRCX), Applied Materials (AMAT), TSMC (TSM), and Broadcom (AVGO) each dropped between 2% and 4%. The move signals a potential intensification in the US-China tech war, adding a fresh layer of uncertainty for the the market gloom, crypto firm Circle (CRCL) surged another 13% to trade near $227 following a 30% rally earlier in the week. The bullish momentum was fueled by the Senate's passage of the GENIUS Act, laying a regulatory framework for Research Partners rated Circle a 'Buy' with a $235 price target, calling it a top-tier disruptor poised to benefit from global stablecoin Street is also bracing for potential volatility following today's 'triple witching' — the quarterly expiration of $6.5 trillion in stock options, index options, and futures contracts. While the event itself was relatively calm, it may open the door for sharper market swings next week as traders reset Trump has imposed a two-week window to decide whether the US will directly engage in the ongoing Israel-Iran conflict, as announced via the White House press secretary on Thursday. The market response to this geopolitical news was immediate, with investors growing uneasy over the potential for broader Middle East instability and its impact on oil prices, defense stocks, and global this deadline adds a layer of geopolitical pressure, it also offers a brief diplomatic window. European foreign ministers from France, the UK, and Germany are holding critical talks with Iranian officials in Geneva, hoping to convince Iran to return to negotiations. However, Iran's president swiftly rejected any such efforts on Friday, dampening hopes for a quick these global concerns, Federal Reserve Governor Chris Waller on Friday suggested that interest rate cuts as early as July are not off the table. Waller pointed to recent inflation data that appears relatively tame — even after Trump's introduction of new tariffs — as a reason to consider easing the Federal Reserve chose to hold rates steady this week, Chair Jerome Powell emphasized a cautious approach, stating the central bank is 'not rushing' to cut. This led President Trump to criticize the Fed again, highlighting the friction between the White House and monetary remarks nudged up the market's expectations for a rate cut in July, though according to CME Group data, most traders still believe a cut is more likely in stock market's mixed movement reflects a blend of optimism about potential rate cuts and fear over geopolitical escalation. The Dow's rise suggests investors are leaning into more traditional, stable sectors, while the Nasdaq's weakness shows caution in higher-risk tech analysts say investors are balancing two key themes: one, the possibility of lower borrowing costs that could support growth and equity valuations; and two, the real-world risks of a US-Iran confrontation that could disrupt markets recent move to reintroduce tariffs on several key goods has created new complications for the Fed. While tariffs often stoke inflation, current data hasn't shown a sharp uptick, giving the Fed more flexibility. That said, if trade tensions escalate or if tariffs weigh on consumer spending, the case for a rate cut could highlighted that inflation indicators are 'coming down slightly,' despite the added pressure from tariffs. This nuance could be a key part of the Fed's July policy discussions — particularly if Trump's foreign policy developments intensify economic ahead, markets will closely track:With the Middle East situation evolving and economic policy still in flux, volatility could remain elevated in the short the US stock market today reacts to President Trump's Middle East stance and hints of a July Federal Reserve interest rate cut, investors are navigating a delicate balance of political risk and economic hopes. With fresh diplomatic efforts underway and the Fed keeping all options open, the next two weeks could be pivotal in shaping market set a two-week deadline to decide on possible US military officials hinted it's possible if inflation stays low.
Time of India
2 hours ago
- Business
- Time of India
Accenture Q3 earnings: Revenue rises 8% to $17.7 billion on Gen-AI momentum; Gen-AI revenue tops $700 million
Accenture on Friday reported an 8% year-on-year rise in revenue to $17.7 billion for the March-May quarter of FY25, supported by growing demand for AI-related services. The Ireland-headquartered IT services firm, which follows --a September-August fiscal calendar, also raised the lower end of its full--year revenue growth guidance to 6-7% in local currency from 5-7% earlier. The company's Q3 performance included a modest positive foreign exchange impact of 0.5%, it said in a statement. Accenture's gross margin for the quarter stood at 32.9%, compared with 33.4% in the same period last year. Accenture Chair and CEO Julie Sweet said, 'We continue to deliver on our strategy to be our clients' reinvention partner of choice and lead in Gen-AI,' highlighting that Gen-AI bookings for the quarter hit $1.5 billion, with revenues exceeding $700 million. Year-to-date, Accenture has secured $4.1 billion in Gen-AI bookings and generated $1.8 billion in revenue. According to the company, new bookings in Q3 totalled $19.7 billion, down 6% in US dollar terms. Of this, $9.08 billion came from consulting services and $10.62 billion from managed services. The Americas remained the largest contributor with $8.97 billion in revenue, followed by EMEA at $6.23 billion and Asia-Pacific at $2.53 billion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sanitize & Smooth Clothes Fast with Philips Steamer Philips Garment Steamers Learn More Undo Accenture said its global workforce stood at 7.9 lakh at the end of the quarter. Its data and AI employee count has reached around 75,000, and the firm aims to expand that to 80,000 by FY26. The company ended the quarter with a total cash balance of $9.6 billion and expects Q4 FY25 revenues in the range of $17 billion to $17.6 billion. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
