Accenture reported fiscal year revenue of $74.2 billion, up 4% year over year, and net profit of $8.4 billion, up 8%. The company guided 3%-6% revenue growth for the next fiscal year. Shares surged 22% on Thursday, pushing market cap above $135 billion, easing concerns that AI would disrupt its consulting business.
On September 22, Accenture announced a partnership with AWS to offer AI and cloud transformation services to mid-sized companies with annual revenue of $300 million to $3 billion, through the new Accenture Edge business, and launched six deployable solutions covering data discovery, virtual machine migration, customer experience, cloud cost optimization, AI security testing, and cloud security infrastructure.
Anthropic and Accenture announced plans to invest $1 billion each over five years to build artificial intelligence evaluation capabilities.