ACN Stock On Track For 7.5-Year Low – Bookings And Revenue Guidance Take A Hit, But Retail Eyes Bottom-Fishing

DXC (NYSE:DXC) reported Q2 revenue of $3.00B, down 5.1% YoY, in line with expectations but missing EPS estimates. CEO Fernandez maintained full-year guidance. Gartner (NYSE:IT) reported $1.68B revenue, up 1.8% YoY, beating estimates. Accenture (NYSE:ACN) reported $18.72B revenue, up 5.6% YoY, with weak guidance. Everforth (NYSE:EFOR) reported $1.01B revenue, down 1.3% YoY, beating estimates. Kyndryl (NYSE:KD) reported $3.62B revenue, down 3.3% YoY, missing estimates. IT services stocks are up 5.

Accenture (ACN) reported Q3 2026 results, topping earnings expectations for the fourth straight quarter with a 2.48% EPS beat. The company cited AI transformation demand and 104 large-scale $100M+ client bookings year-to-date. Accenture raised full-year EPS guidance and increased its quarterly dividend by 10%, while revenue growth guidance narrowed to 3-4%.

Meta reduced IT outsourcing work with Wipro by at least 25%, cutting Wipro’s expected annual revenue from the account to about $75 million from roughly $100 million in fiscal 2026, according to Investing.com citing two sources. The change follows Meta’s AI-driven closure of its digital marketing division, ending related vendor work. Concentrix, Teleperformance, and Accenture were also affected, per Mint.

Accenture was awarded a $100m, three-year extension by Australia’s Digital Health Agency to continue as the national infrastructure operator for the My Health Record system, according to the article. The original eight-year contract was reportedly worth over $500m and had a prior $42.7m two-year extension to June 2022. The new term runs to 2025.

Accenture (NYSE: ACN) will buy IBM’s (NYSE: IBM) majority stake in a joint venture with UniCredit to modernize UniCredit’s IT across 13 European markets. UniCredit will keep a minority stake. Accenture will run operations after closing, while IBM will continue as a technology supplier. Deal is subject to regulatory approvals; no financial terms disclosed.

Accenture (ACN) will buy IBM’s controlling stake in a technology joint venture with UniCredit (UCG) that runs major IT operations for the bank, with UniCredit keeping a minority interest. Accenture will take primary operational responsibility after regulatory approvals and employee consultations. IBM will exit equity but continue as a technology supplier, including IBM Z platforms and software.