Accenture plc reported $22.2 billion in quarterly bookings, with more than 400 clients starting advanced AI work during fiscal 2026, including nearly 100 in the final quarter alone. Management said much of that work remains focused on building the infrastructure around AI, such as modernizing data, strengthening the digital core and putting an enterprise AI stack in place, rather than on an explosive AI-driven revenue boom. The company acknowledged that pricing was lower in many areas during the fourth quarter and expects intense competition to continue, while hiring is expected to grow more slowly as AI improves productivity. More than 65% of fourth-quarter bookings were fixed-price rather than traditional time-and-materials contracts, and managed services bookings reached a record $12.8 billion. Accenture trades at 12.41x forward earnings and expects $11 billion to $11.8 billion of free cash flow in fiscal 2027, with roughly $5 billion of acquisition spending planned for the year; its 3% to 6% revenue-growth forecast includes about 2% to 2.5% from acquisitions.
Accenture plcAccenture guided to $11B-$11.8B free cash flow in fiscal 2027 with ~$5B acquisition spending and a 3%-6% revenue-growth forecast.
