New bookings for the quarter totaled $19.32 billion, down from $19.7 billion in the prior year’s third quarter.
Accenture reported its third-quarter fiscal 2026 financial results on Thursday and revised down its full-year revenue growth outlook, a move that saw its shares drop by 10 per cent in premarket trading.The company now expects full-year fiscal 2026 revenue growth to be 3 per cent to 4 per cent in local currency, from earlier projected 3 per cent to 5 per cent when excluding an estimated 1 per cent impact from its US federal business.For the third quarter ended May 31, 2026, Accenture generated revenues of $18.72 billion, representing a 6 per cent increase in US dollars and a 3 per cent increase in local currency. Diluted earnings per share grew 9 per cent to $3.80, while the company’s quarterly operating margin expanded by 20 basis points to reach 17 per cent.New bookings for the quarter totaled $19.32 billion, down from $19.7 billion in the prior year’s third quarter. Within this total, consulting new bookings accounted for $10.26 billion, while managed services new bookings brought in $9.06 billion.Chair and CEO of Accenture Julie Sweet stated that demand for large-scale reinvention remains strong, highlighted by an increase in large-scale AI transformation programmes. The company has secured 104 client bookings of $100 million or more year-to-date, marking a 13 per cent increase over the same period last year.Performance across individual industry groups varied during the quarter. The communications, media and technology segment grew 10 per cent in US dollars (9 per cent in local currency), whereas health and public service grew 2 per cent in US dollars and recorded 0 per cent growth in local currency.Key acquisitionsThe company also provides updated business details, noting an agreement to acquire a majority stake in Dragos alongside full acquisitions of runZero and NetRise to expand its cybersecurity footprint. Additionally, the company disclosed that it currently has a workforce of 798,739 people, an increase of 12,307 employees compared to last quarter.Tech analyst Parekh Jain noted that analysing the performance across three distinct axes — geography, industry and services provide critical indicators for Indian IT. “Geographically, slowed growth in the Americas is a concern for India. Conversely, the industry axis shows positive signs, with strong performance in financial services, technology, and manufacturing (products). On the services axis, consulting revenue growth serves as a key performance indicator.”UnearthInsight Founder Gaurav Vasu said that “this quarter has shown an industry shift from people-led scale to platform-led reinvention.” He highlighted that Accenture’s security acquisitions signal a strategy focused on IP-led growth, while its healthy margins and managed services strength position it well despite ongoing consulting and federal headwinds.Published on June 18, 2026
