Accenture reported a strong start to fiscal year 2026, driven by robust deal momentum and growing demand for large-scale enterprise transformation programs. The global IT services leader recorded new bookings of $20.9 billion, reflecting a 12% year-on-year increase in dollar terms, including $2.2 billion in advanced AI bookings. The company also closed 33 deals with quarterly bookings exceeding $100 million, underlining sustained client appetite for complex, end-to-end transformation initiatives.

Quarterly revenue rose 6% to $18.7 billion, allowing Accenture to beat Wall Street expectations. Chair and CEO Julie Sweet noted that the company delivered 5% revenue growth in local currency, at the top of its guided range, while continuing to gain market share. She highlighted Accenture’s expanding leadership in advanced AI and deeper ecosystem partnerships as key enablers helping clients realise measurable business value.

Despite the solid performance, margins faced pressure. GAAP operating margin declined to 15.3%, impacted by $308 million in business optimisation costs, largely related to employee severance. Accenture reaffirmed its full-year revenue outlook and raised its GAAP margin guidance, while cautioning that macro uncertainty, workforce rationalisation, and slower-than-expected AI monetisation could temper near-term momentum.