Accenture beats Q1 sales estimates, ends separate AI deal disclosure

Accenture, on Thursday, beat Street estimates for first-quarter revenue, riding on a strong demand for its AI solutions, but said it will no longer disclose separate revenue and bookings data for AI deals going ahead, as the tech is now increasingly embedded across almost all projects.

“We have now reached a point where advanced AI is being embedded in some way across nearly everything we do, and many of our clients are focusing on moving beyond standalone proofs of concept or initiatives,” the company said in its earnings presentation.