Market News AIOpen the app

Accenture's stock dropped almost 6% as investors took their profits.

ResultsRead the original at Benzinga
Neutral

Accenture's sales grew 7%, adjusted profit was $3.29 per share, and bookings rose 5%. But acquisitions supply part of expected sales growth, and pricing pressure and investment needs leave the business picture mixed.

ACN · Accenture PLC

AI read · Neutral

The AI's read

The quarter shows Accenture is bringing in more work and starting projects faster. But some improvement came from acquired businesses and factors analysts see as specific to this period. That does not yet show lasting demand from existing customers. Acquisitions are expected to supply part of next year's sales growth. Pricing pressure and continued investment may also limit profit growth, leaving the business picture mixed.

Get alerts for ACN

Follow Accenture PLC (ACN) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for ACN
Free on the App Store and Google Play, or on the web.