Accenture plc (ACN) Announces Results For Fiscal Q1 2026, Here’s What You Need to Know

Core Insights - Accenture plc (NYSE:ACN) reported a fiscal Q1 2026 revenue growth of 6% year-over-year, reaching $18.74 billion, exceeding Wall Street's expectations of $18.53 billion [1] - The GAAP EPS was $3.54, down 1% year-over-year, but still beat market expectations by $0.12 [1] Revenue Breakdown - The growth was attributed to a 4% year-over-year increase in Consulting revenue and an 8% increase in Managed Services revenue [2] - New bookings rose by 12% during the quarter, totaling $20.9 billion, driven by 33 clients with booking values exceeding $100 million [2] Future Outlook - Management anticipates fiscal Q2 2026 revenue to be between $17.35 billion and $18.0 billion, indicating a year-over-year growth of 1% to 5% [2] Strategic Partnerships - Accenture announced a strategic partnership with Palantir Technologies Inc. to enhance AI capabilities [3] - The collaboration aims to accelerate the delivery of advanced AI and data solutions, with Accenture being named Palantir's global partner for enterprise transformation [4] Market Sentiment - Wall Street maintains a positive outlook on Accenture, with a Buy rating and a price target of $315 from Stifel Nicolaus [5] - Deutsche Bank raised its price target from $235 to $265 while maintaining a Hold rating, citing improved AI sentiment [5]