Accenture posts strong quarterly result driven by its AI business
Accenture announced a $4 billion share buyback after surpassing fourth-quarter expectations due to strong demand for its generative AI services. The company reported earnings of $2.79 per share, beating estimates slightly. However, projected growth of 3% to 6% fell short of analysts' expectations, who anticipate modest recovery in the IT services sector.
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Accenture announced a $4 billion share buyback after surpassing fourth-quarter expectations due to strong demand for its generative AI services. The company reported earnings of $2.79 per share, beating estimates slightly. However, projected growth of 3% to 6% fell short of analysts' expectations, who anticipate modest recovery in the IT services sector. 
