 "Accenture announces a billion share buyback as AI demand drives unexpected revenue growth, boosting shares nearly 7%.")
Accenture announces a $4 billion share buyback as AI demand drives unexpected revenue growth, boosting shares nearly 7%.
Accenture, the IT services giant, recently announced a significant $4.0 billion share buyback following impressive fourth-quarter revenue results. The company reported earnings of $16.41 billion, slightly beating analysts’ predictions. This growth was largely fueled by increased demand for generative artificial intelligence solutions, which continued to rise for the fourth consecutive quarter. Accenture’s new customer contracts ...
