Why Did Accenture Plc (ACN) Jump Yesterday?

We recently published an article entitled Why These 10 Stocks Jumped Yesterday. In this article, we are going to take a look at where Accenture Plc (NYSE:ACN) stands against the other stocks that jumped yesterday.

Broader indices haven’t been performing very well since the Fed’s not so surprise revelation about the number of expected cuts in 2025. Nevertheless, several stocks on Thursday posted notable gains.

A team of data experts gathered around a computer monitor analyzing customer data.

Accenture Plc (NYSE:ACN)

On Thursday, Accenture (ACN) saw its share price grow by 7.06 percent or by $24.55 to close at $372.16 following a strong earnings performance in the first quarter of fiscal year 2025, coupled with a positive outlook for the full year.

Just recently, Accenture announced that its net income in the first quarter of the fiscal year grew by 13 percent to $2.31 billion from the $2 billion registered in the same period last year.

For the current quarter, the company said it was looking to hit between $16.2 billion and $16.8 billion in revenues, while the long-term forecast was much better, with a new outlook ranging between 4-7 percent from the 3-6 percent projected earlier.

In addition, Accenture announced that it was partnering with Nvidia Corp. (NVDA) to help kickstart its adoption of Agentic Artificial Intelligence (AI), one of the hottest new trends in the AI sector.

Agentic AI is a more advanced AI system that can make decisions and take actions independently based on its environment, goals and training, whereas the traditional AI models operate strictly within the bounds of preprogrammed instructions and responses. AI agents are able to learn, adapt and respond in a more dynamic way.

Overall ACN ranks 9th on our list of the stocks that jumped yesterday. While we acknowledge the potential of ACN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACN but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.