Accenture Q3 revenue slightly misses estimates; to buy majority stake in Dragos

Accenture

18/06/2026 11:55

Overview
IT and consulting firm's fiscal Q3 revenue rose 6% but slightly missed analyst expectations
Diluted EPS for fiscal Q3 increased 9% yr/yr to $3.80
Company updated full-year revenue growth outlook to 3%-4% in local currency
Accenture said it will buy a majority stake in Dragos and fully acquire runZero and NetRise
Outlook
Accenture now expects full-year revenue growth of 3% to 4% in local currency
Company expects full-year GAAP EPS between $13.38 and $13.50
Accenture continues to expect free cash flow of $10.8 bln to $11.5 bln for the yr
Agreement to acquire a majority stake in Dragos and all of runZero and NetRise will expand addressable market, says CEO Julie Sweet

Result Drivers
LARGE-SCALE CLIENT BOOKINGS - Company said demand for large-scale reinvention remained strong, with 104 client bookings over $100 mln year-to-date, up 13%
AI TRANSFORMATION PROGRAMS - Accenture said it is seeing more large-scale AI transformation programs driving growth
OPERATING MARGIN EXPANSION - Operating margin increased by 20 basis points to 17.0%

Company press release: ID:nBw6CKcCJa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$18.7 bln
$18.75 bln (20 Analysts)
Q3 EPS
 
$3.8
 
Q3 New bookings
 
$19.3 bln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy"
Wall Street's median 12-month price target for Accenture PLC is $237.00, about 51.9% above its June 17 closing price of $156.01
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)