Accenture Q1 Results: IT major beats quarterly revenue estimates on strong genAI service demand

IT major Accenture surpassed the Wall Street revenue estimates on Thursday, December 19, as the company announced its first-quarter results, reported the news agency Reuters. The company is witnessing rising demand for its services via clients adopting AI-powered tools.

Revenue for the first quarter was at $17.7 billion, beating the analyst’s estimates of $17.12 billion, according to the news agency.