Accenture heads into June 18 earnings
Accenture's stock is under pressure ahead of June 18 earnings, trading more than 40% below its 52-week high as Wall Street slashes ratings and targets. The big question: can Accenture turn generative AI from a threat into its next growth engine, or will clients use these new tools to bring work in-house and squeeze fees? Recent results look solid—revenue grew 8% in dollars, margins ticked up, and new bookings rose—but insider selling and the sudden drag from its federal business add to market anxiety. But here’s where it gets tricky: the company is betting big on AI partnerships and…
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