BenchmarksCLOSED
BenchmarksCLOSED
Accenture net income rises to $2.39 billion during March-May quarter
Synopsis
Accenture announced strong financial results for its March-May quarter. The IT services giant posted a net income of USD 2.39 billion, an increase from the previous year. Revenue also saw a rise, reaching USD 18.7 billion. The company secured significant new bookings, indicating continued demand for large-scale transformation programs.
Listen to this article in summarized format
Accenture, an IT services and consulting company with a significant workforce in India, on Thursday reported a net income of $2.39 billion in the March-May quarter, up from $2.24 billion in the year-ago period.
Accenture follows a September-August financial year, making March-May the third quarter of FY26.
The Dublin, Ireland-headquartered firm reported a revenue of $18.7 billion in the quarter ended May. It had reported a revenue of $17.7 billion in the same period of the previous fiscal year.
The firm recorded new bookings totalling USD 19.3 billion during the quarter under review, as compared to $19.7 billion in Q3 FY25.
"Demand for large-scale reinvention remains strong -- 104 quarterly client bookings of $100 million or more year-to-date, up 13%-- and we are seeing more large-scale AI transformation programmes while executing our strategy to capture new areas of growth," Accenture Chair and CEO Julie Sweet said.
Accenture follows a September-August financial year, making March-May the third quarter of FY26.
The Dublin, Ireland-headquartered firm reported a revenue of $18.7 billion in the quarter ended May. It had reported a revenue of $17.7 billion in the same period of the previous fiscal year.
The firm recorded new bookings totalling USD 19.3 billion during the quarter under review, as compared to $19.7 billion in Q3 FY25.
"Demand for large-scale reinvention remains strong -- 104 quarterly client bookings of $100 million or more year-to-date, up 13%-- and we are seeing more large-scale AI transformation programmes while executing our strategy to capture new areas of growth," Accenture Chair and CEO Julie Sweet said.
Add 
as a Reliable and Trusted News Source
as a Reliable and Trusted News Source
Add Now!(Catch all the Technology News News, and Latest News Updates on The Economic Times.)
...more
Elevate your knowledge and leadership skills at a cost cheaper than your daily tea.
She made baking an INR2k crore biz. Now comes the real heat. 
Science, AI and the art of suffering well: My long road to Comrades 
Down 30% in 1 year, are AI-hit Infy, TCS still value stocks? 
To cut or not to cut: What happens to Air India free-meals as losses swell 
Melting mountains: Can India defuse 189 looming flood risks in Himalayas? 
Time to be selectively bullish again? 5 small-cap stocks from different sectors with upside potential of up to 29% 
Stock Radar: Why TMPV is a good long term buy at current levels; stock rallies over 20% in last 3 months 
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 27%
Subscribe Now
Now Playing
Source link
