Accenture Delivers Weakest Guidance Among IT Services Peers in Q2

Earnings

โดย Yahoo Finance·

Summary · why it matters

Accenture delivered the weakest guidance update among the eight IT services and consulting stocks tracked in the second quarter, even as its revenue of $18.72 billion rose 5.6% year over year and matched analyst expectations. Gartner was the quarter's best performer, with revenue of $1.68 billion flat year over year but beating estimates by 1.8% and posting the biggest analyst estimate beat in the group. IBM reported revenue of $17.16 billion, up 1.1% year over year but missing estimates by 1.5%, while Everforth posted revenue of $1.01 billion, down 1.3% year over year but surpassing expectations by 1.6% and delivering the highest guidance raise among peers. EPAM Systems reported revenue of $1.41 billion, up 4.5% year over year and beating estimates by 0.6%, though its next-quarter revenue guidance missed expectations. Share prices of the group have been resilient, up 8.2% on average since the latest earnings results.