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Business
Accenture Shares Tumble 20% After Q3 Results Miss Revenue Targets
✍️ Times of India
🗓 19 Jun 2026, 09:32 AM
👁 20
Accenture's stock experienced a significant drop of nearly 20% after the company announced fiscal third-quarter results that fell short of revenue expectations and indicated a decrease in new bookings. CEO Julie Sweet encouraged patience among investors, citing long-term growth potential.
IT services giant Accenture saw its stock price fall sharply by approximately 20% following the release of its fiscal third-quarter financial report. The company's performance did not meet revenue expectations, and a decline in new bookings was also reported.
Despite the market reaction, Accenture's Chief Executive Officer, Julie Sweet, addressed investors, suggesting that the current market sentiment overlooks the company's fundamental strengths. She emphasized Accenture's strategic positioning for future expansion, particularly in light of increasing adoption of artificial intelligence.
Sweet also pointed to internal adjustments, including a revised salary structure aimed at providing employees with immediate financial benefits, as factors contributing to the company's long-term outlook. The company believes these measures will support sustained growth.
Despite the market reaction, Accenture's Chief Executive Officer, Julie Sweet, addressed investors, suggesting that the current market sentiment overlooks the company's fundamental strengths. She emphasized Accenture's strategic positioning for future expansion, particularly in light of increasing adoption of artificial intelligence.
Sweet also pointed to internal adjustments, including a revised salary structure aimed at providing employees with immediate financial benefits, as factors contributing to the company's long-term outlook. The company believes these measures will support sustained growth.