Accenture lowered its fiscal 2026 revenue growth outlook to 3-4% from the previous 3-5%, causing shares to fall nearly 15%. The company reported Q3 adjusted EPS of $3.80, beating estimates, and revenue rose 6% to $18.7 billion, slightly below expectations. Accenture highlighted strong demand for large-scale projects and AI transformation, with increased client bookings over $100 million. Despite the revenue forecast cut, Accenture's operating margin and free cash flow improved, and it returned $2.2 billion to shareholders in the quarter.
Accenture is rated a buy due to its low valuation and strong fundamentals, even as AI disrupts its consultancy model by reducing billable hours and headcount. The company’s 85,000 AI and data experts, along with momentum in cybersecurity, position it...
The Schwab US Dividend Equity ETF (SCHD) has risen over 6% in the past month, outperforming the SPY ETF which gained 3.24%. Year-to-date, SCHD nearly doubles SPY's return, showing strong performance despite geopolitical tensions and oil price surges ...
