Accenture Stock Surges as Earnings Top Estimates and AI Bookings Grow

Core Insights - Accenture's shares surged after reporting first-quarter results that exceeded analysts' expectations, driven by strong AI bookings and an increase in revenue and profits year-over-year [1][2] - The company reported $17.7 billion in revenue for the quarter, up from$16.2 billion a year ago, surpassing the projected $17.1 billion [2] - Net income for the quarter was$2.28 billion, or $3.59 per share, compared to$1.98 billion, or $3.10 per share, from the previous year, also beating analysts' estimates [3] Revenue Growth Projections - Accenture anticipates second-quarter revenue between$16.2 billion and $16.8 billion, with analysts expecting approximately$16.66 billion [4] - The full-year revenue growth forecast has been lifted to 4% to 7% compared to fiscal 2024, up from a previous estimate of 3% to 6% [4] Earnings Per Share (EPS) Outlook - The company lowered its full-year EPS projection due to anticipated negative impacts from exchange rates, now expecting EPS between $12.43 and$12.79, down from a previous range of $12.55 to$12.91 [5] - Despite the adjustment, this still represents a growth of 9% to 11% from the previous year [5] Market Reaction - Following the announcement, Accenture's shares rose by 7%, bringing them back into positive territory for the year after recovering from prior losses [6]