(Reuters) -IT options firm Accenture on Thursday revealed a $4.0 billion share buyback and reported better-than-expected fourth-quarter earnings many because of require from enterprise aiming to embrace generative professional system innovation.
Shares of the enterprise have been up nearly 7% in premarket buying and selling.
The Dublin- primarily based enterprise reported fourth-quarter earnings of $16.41 billion, in comparison with specialists assumptions of $16.38 billion, in line with LSEG data.
Its generative AI group, which assisted the enterprise countered the stagnation widespread for IT options, remained to develop for a 4th succeeding quarter.
Accenture’s brand-new reservations, an important statistics suggesting the value of shopper agreements with investing dedications, climbed to $20.1 billion for the 4th quarter, up from $17.25 billion within the third quarter.
Generative AI reservations added $1 billion to the enterprise’s brand-new reservations, contrasted to $900 million within the earlier quarter.
(Reporting by Rishi Kant in Bengaluru; Editing by Janane Venkatraman and Tasim Zahid)
