Accenture beats estimates for Q1 revenue on rise in services demand

IT service provider Accenture beat Wall Street estimates for first-quarter revenue on Thursday, on the back of growing demand for its services to help clients adopt AI-powered tools.

Shares of the company rose 5 per cent in premarket trading.

Businesses are investing heavily to scale their AI projects and digitize their core operations to boost efficiency and cut costs, which is helping companies such as Accenture.