11 Important AI News and Ratings for Investors

4. Accenture plc (NYSE:ACN)

Number of Hedge Fund Holders: 60

Accenture plc (NYSE:ACN) AI-driven services across various industries, focusing on data, automation, and intelligent platforms to optimize business processes.

Accenture (NYSE: ACN) reported Q1 2025 GAAP EPS of $3.59, surpassing expectations by $0.20, and revenue of $17.7 billion, a 9% increase year-over-year, beating estimates by $570 million. New bookings rose 1% to $18.7 billion. The market reacted positively to the news so far as the stock has gained 7% during the day after earnings release as its generative AI bookings continued to grow to $1.2 billion. At the earnings call, Chair & CEO, Julie Sweet said:

“GenAI continues to be a catalyst for reinvention across the enterprise and building out the data foundation necessary to capitalize on AI, as an increasing part of that growth. Themes around achieving both cost efficiencies and growth continue across the demand we’re seeing. Through the examples from Q1, you can see both our strategy to be the reinvention partner of choice and how we are bringing together our services, our ecosystem relationships, and our scaled investments in cutting-edge platforms like SynOps and GenWizard, as well as technologies like GenAI to drive value for our clients.”

For fiscal 2025, Accenture updated its revenue growth forecast to 4%-7% in local currency, adjusted for a foreign exchange impact of -0.5%, and revised its GAAP EPS outlook to $12.43-$12.79.