Accenture Targets $100B Revenue by FY29, Plans $8B in Acquisitions
ACN sits 80% above its 52-week low of $118.15.
Summary
Accenture laid out a three-year plan at its Investor Day to approach $100 billion in revenue by FY29, targeting mid-single-digit growth in FY27-FY28 and a step-up to high-single-digit in FY29. The company expects FY26 revenue growth of 3-6% in local currency, with 2-2.5% from acquisitions, and plans to spend about $8 billion on buyouts this year, including $3 billion deferred for cybersecurity deals. Management also aims to expand operating margins from last year's 15.4%. The strategy hinges on scaling core business reinventions and pushing into the mid-market via the new Accenture Edge unit. This follows strong Q4 results reported on October 1, where revenue beat expectations and EPS grew 46%, and a series of acquisitions throughout the year. The plan signals confidence despite a challenging macro environment, with management stating they are not waiting for a tailwind.
At the time of this announcement, ACN was trading at $213.05 on NYSE in the Technology sector, with a market capitalization of approximately $130.4B. The 52-week trading range was $118.15 to $291.09. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Mint.