Accenture plc (ACN) Announces Results For Fiscal Q1 2026, Here's What You Need to Know

​Accenture plc (NYSE:ACN) is one of the Best Non-US Stocks to Buy According to Hedge Funds. On December 18, Accenture plc (NYSE:ACN) released results for its fiscal Q1 2026. The company grew its revenue by 6% year-over-year in USD to reach $18.74 billion, surpassing Wall Street’s estimates of $18.53 billion. Moreover, the GAAP EPS of $3.54, although down 1% year-over-year also beat market expectations by $0.12.

Management attributed growth to a 4% year-over-year increase in Consulting revenue, along with an 8% increase in Managed Services revenue. Notably, the new bookings increased 12% during the quarter to reach $20.9 billion, driven by 33 clients with booking value greater than $100 million. Looking ahead, management expects fiscal second quarter of 2026 to be in the range of $17.35 billion – $18.0 billion, reflecting 1% to 5% year-over-year growth.

That said, earlier on December 16, Accenture plc (NYSE:ACN) announced its strategic partnership with Palantir Technologies Inc. (NASDAQ:PLTR) to accelerate AI reinvention.

​The collaboration aims to speed up the delivery of advanced AI and data solutions that power global clients and drive growth. Moreover, Accenture plc has also been named as Palantir’s global partner for enterprise transformation. Management also announced the formation of Accenture Palantir Business Group, which consists of Palantir’s forward-deployed engineers (FDEs) working alongside over 2,000 Accenture professionals skilled in Palantir tech.

​In addition, Wall Street maintains a positive outlook on Accenture plc (NYSE:ACN). Recently, on December 12, David Grossman from Stifel Nicolaus reiterated a Buy rating on the stock with a $315 price target. Earlier on December 10, Nate Svensson from Deutsche Bank raised the price target on the stock from $235 to $265, and maintained his Hold rating. Svensson noted that the company’s AI sentiment is getting better. However, the firm remains slightly cautious on the share overall, hence a Hold rating.

​Accenture plc (NYSE:ACN) offers strategy and consulting services.

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