By Mackenzie Tatananni
Accenture reported fiscal second-quarter results that topped expectations and narrowed its full-year forecast. That wasn't enough to lift the stock in premarket trading Thursday.
The professional services company posted earnings of $2.82 a share, narrowly beating Wall Street's calls for $2.81 a share, according to FactSet. Revenue rose 5% from the previous year to $16.7 billion, topping the $16.6 billion analysts expected.
The company reported new bookings of $20.9 billion in the quarter, a 3% decrease from a year earlier. Bookings associated with artificial intelligence came in at $1.4 billion.
Accenture also adjusted its fiscal-year guidance. The company said it now anticipates earnings between $12.55 and $12.79 a share, versus a prior range of $12.43 to $12.79. The company also narrowed its revenue growth forecast to a range of 5% to 7% after previously guiding for 4% to 7% growth.
Shares fell 0.5% to $323.00 in premarket trading Thursday.
Write to Mackenzie Tatananni at mackenzie.tatananni@barrons.com
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March 20, 2025 08:02 ET (12:02 GMT)
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