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Accenture jumps 23% on record bookings, easing AI demand fears in consulting sector.

Market News
01 Oct 2026
24/7 Wall Street
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Bullish
Accenture jumps 23% on record bookings, easing AI demand fears in consulting sector.

Accenture's shares surged 23% after reporting record bookings of $84.5 billion and exceeding revenue guidance, dispelling fears that AI would reduce demand for consulting services. The strong performance boosted related stocks like Infosys (up 8%) and IBM (up 5%), reflecting optimism in IT services despite broader tech markets remaining flat. CEO Julie Sweet highlighted AI as a growth driver rather than a threat, with new AI governance and safety consulting opportunities emerging. However, concerns remain about long-term automation risks potentially impacting future revenue and renewals, making upcoming quarters critical for confirming sustained growth.

Accenture shares jumped 22.35% on Pluang, trading at USD 224.35 with a market cap of $112.21 billion. Infosys also rose by 7.99%, priced at USD 11.62 as of Oct 01, 2026 21:22 WIB.

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