Top 11 AI News Updates on Wall Street’s Radar

4. Accenture Plc. (NYSE:ACN)

Number of Hedge Fund Holders: 79

Accenture plc (NYSE:ACN) is an information technology services company that provides a wide range of services, including strategy, consulting, and operations, with a focus on digital, cloud, and security. It also offers data and artificial intelligence consulting services and solutions. On March 20, the company delivered better-than-expected second-quarter fiscal 2025 results that topped expectations.

Revenues in the quarter surged 5% to $16.7 billion as operating margin improved by 50 basis points to 13.5%. The company recorded generative AI bookings of $1.4 billion, which is a clear indication that clients are increasingly tapping its AI-powered solutions. The fact that the company signed Thirty-two clients with more than $100 million in quarterly bookings reflects trust and confidence in its AI-powered solutions.

“Our second quarter results demonstrate that we continue to deliver on our strategy to lead reinvention for our clients and return to strong growth in FY25, with broad-based growth across markets, industries, and the types of work our clients seek from us,” said CEO Julie Sweet.