Accenture Tops Q3 Revenue, Shares Dip 2.6% on 6% Drop in Bookings

IT services leader Accenture (ACN) surpassed Wall Street’s third-quarter revenue forecasts, fueled by rising enterprise demand for its AI-powered solutions. The company posted $17.7 billion in revenue for the quarter ended May 31, topping analysts’ consensus estimate of $17.30 billion (LSEG data).

Despite the revenue beat, Accenture’s shares fell 2.6% in premarket trading after reporting a 6% decline in new bookings, which totaled $19.7 billion for the quarter. The company operates on a September-August fiscal year.

The mixed results highlight strong adoption of Accenture’s AI and cloud services but raise questions about near-term growth momentum as bookings soften.