Accenture(US:ACN) 智通财经网·2025-12-15 07:21Core Viewpoint - Accenture is transitioning to being recognized as an "AI-first consulting and transformation partner" as demand for AI-related consulting and IT services significantly increases, with analysts maintaining positive ratings on the company's future valuation due to its deep AI integration, stable cash flow, and high-quality order mix [1][2]. Financial Performance - For the fiscal year 2025, Accenture's total revenue is approximately $69.7 billion, reflecting a year-on-year growth of about 7%, with Q4 revenue reaching approximately $17.6 billion, exceeding expectations [1]. - New business bookings for fiscal year 2025 reached approximately $80.6 billion, indicating strong client demand for consulting and technology services [1]. - Analysts expect Accenture's total revenue for Q1 of fiscal year 2026 to be between $18.5 billion and $18.6 billion, representing a year-on-year growth of approximately 4.5% to 4.9% [3]. AI Business Growth - Revenue and orders related to generative AI are rapidly expanding, with new business bookings from generative AI reaching approximately $5.9 billion for fiscal year 2025, and Q4 bookings at around $1.8 billion, both showing strong double-digit growth compared to the previous year [2]. - There is an expectation that orders from generative AI could further increase to approximately $9.3 billion in 2026, indicating a potential year-on-year growth of about 58% [2]. Strategic Partnerships - Accenture has established a strategic partnership with OpenAI, equipping thousands of professionals with ChatGPT Enterprise and integrating OpenAI's cutting-edge AI technology into consulting and operational processes [4]. - The company has also collaborated with Anthropic, focusing on enterprise-level AI applications, particularly in finance, healthcare, and public sector solutions [4]. Value Chain Expansion - AI-related consulting services are characterized by premium service traits, which will be crucial for Accenture's margin expansion and customer retention [5]. - The long-term demand for generative AI consulting services is expected to enhance Accenture's value chain output, transitioning from traditional IT consulting to a comprehensive AI solution provider [5].