Accenture hits $18B quarterly revenue as AI transformation drives new bookings

Accenture (NYSE:ACN) reported solid financial results for the second quarter of fiscal 2026, ended February 28, 2026, characterized by steady revenue growth and robust demand for its strategic consulting and technology services.

The company posted quarterly revenues of $18 billion, an 8% increase in U.S. dollars (4% in local currency), driven by continued enterprise investment in cloud migration and artificial intelligence.

Demand for Accenture’s expertise remains high, as evidenced by $22.1 billion in new bookings—a 6% increase in U.S. dollars.

This performance underscores the company's pivotal role in guiding global organizations through complex technological shifts.

Profitability also saw an uptick, with operating margins expanding by 30 basis points to 13.8%, and diluted earnings per share (EPS) rising 4% to $2.93.

Meanwhile, Accenture’s cash generation remains a core strength, with free cash flow reaching $3.7 billion for the quarter.

The company also utilized its strong liquidity to return $2.7 billion to shareholders, including $1.7 billion in share repurchases and $1 billion in cash dividends.

Elsewhere, shareholders received a dividend of $1.63 per share, representing a 10% increase over the prior year.

Looking ahead, Accenture updated its full-year fiscal 2026 business outlook.

The company now expects annual revenue growth to be between 3% and 5% in local currency.