ServiceNow shares climb after Accenture posts strong Q4 results and launches new AI service desk
Accenture reported fourth‑quarter earnings of $3.29 per share and revenue of $18.70 billion, beating expectations. The consulting firm also gave fiscal‑2027 guidance that topped analyst forecasts, sending its stock up about 19% to $217.63. ServiceNow, benefiting from the market sentiment, introduced “Flow,” an AI‑driven service‑desk tool for chat automation, and its shares rose roughly 1.6% to $136.14. Analysts continue to rate ServiceNow a Buy with an average target of $143.71.
Why it matters
The positive Accenture results and guidance lifted sentiment for software vendors, helping ServiceNow’s stock price and potentially increasing demand for its new AI product. Analysts’ Buy rating and price target suggest continued upside expectations for the company.
Key facts
- 1Accenture posted Q4 earnings of $3.29 per share, above the $3.18 estimate. benzinga.com
- 2Accenture’s Q4 revenue was $18.70 billion, exceeding the $18.03 billion consensus. benzinga.com
- 3Accenture’s shares jumped around 19% to $217.63 after the release. benzinga.com
- 4ServiceNow launched “Flow,” an AI service‑desk product that automates chat‑based requests. benzinga.com
- 5ServiceNow’s shares were up 1.59% at $136.14 at the time of publication. benzinga.com
- 6Analysts maintain a Buy rating on ServiceNow with an average price target of $143.71. benzinga.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.