Accenture sketched a multi-year trajectory in which revenue advances at a mid single digit rate in 2027 and 2028 before quickening to the mid to high single digit band in fiscal 2029. Management also expects operating margin to add 10 to 30 basis points annually over the period.
On capital returns, the company plans to hand investors at least $9.5 billion in 2027. The package features a 5% increase in the dividend per share and at least $5.5 billion allocated to repurchases. Looking to 2028 and 2029, Accenture anticipates that repurchases will outpace share issuances.
The company is leaning on acquisitions to complement organic growth. It plans to deploy $8 billion on deals in fiscal 2027, citing previously announced transactions such as Dragos, and pegs the contribution from inorganic growth at about 2% to 2.5% that year. The message: use M&A to accelerate, not replace, the core business.
Multi-year guidance tells you what management actually believes about demand. Market Briefs covers that signal free every morning.
Investors have worried that AI could upend the consulting model, a fear that has whipsawed the stock in recent months and left it down almost 13% over the past year. Accenture shares climbed roughly 3.6% in premarket trading.
During the investor day event, Julie Sweet, Accenture's Chief Executive Officer, argued that successive technology waves have historically broadened the company's opportunity set. "The opportunity is bigger than ever before," she said, adding that while AI efficiencies can affect the business, "we again believe that ultimately, the new demand that will be created, will far exceed the demand that's being replaced."
Overall, its workforce of over 800,000 ran at 93% utilization in the last quarter. The count of $100 million-plus deals has climbed, moving to 141 in 2026 after totaling 100 in 2022.
Consulting revenue is an early read on corporate tech budgets. Get the free Market Briefs daily newsletter and follow it.
