By Denny Jacob

Accenture reported higher revenue and a profit and disclosed positive guidance but bookings fell in its latest quarter.

The consulting firm also said it was combining several of its services into one business unit, part of a change of a broader effort tied to the time of growing artificial intelligence adoption, effective Sept. 1.

Shares fell 5.4% to $290 in premarket trading. The stock is down 13% on the year through Wednesday's close.

Accenture logged net income of about $2.2 billion, or $3.49 a share, for the third quarter ended May 31, compared to $1.93 billion, or $3.04 a share, in the prior-year period. Analysts polled by FactSet expected $3.32 a share.

Revenue rose to $17.73 billion from $16.47 billion. Analysts polled by FactSet expected $17.31 billion.

New bookings for the third quarter came in at $19.70 billion, a decrease of about 6% in dollars and down 7% in local currency compared to the prior-year period.

For the fourth quarter, Accenture forecast revenue between $17 billion and $17.6 billion. Analysts polled by FactSet expected $17.06 billion.

For the fiscal year, Accenture now expects revenue growth to be between 6% and 7% and earnings per-share in the range of $12.77 and $12.89. The company previously forecast revenue growth between 5% and 7% and earnings per-share in the range of $12.55 and $12.79.

Separately, the New York company said it planned to bring its strategy, consulting, song, technology and operations services into a single unit called reinvention services, which Manish Sharma, the company's current chief executive officer of the Americas, will lead as chief services officer.

Accenture said it will continue to manage its business through three geographic markets - the Americas, EMEA and Asia-Pacific and go to market by industry.

John Walsh, Accenture's current global chief operating officer, will become CEO of the Americas, succeeding Sharma. Kate Hogan, the current chief operating officer of the Americas, will become the global COO, succeeding Walsh.

Kate Clifford, currently CHRO of the Americas, will become the global chief leadership and human resources officer, succeeding Angela Beatty, who has decided to leave Accenture to pursue other opportunities.

"These changes to our growth model will allow us to deliver that value and continue to scale our business by being an even stronger engine of reinvention that more rapidly delivers the power of Gen AI," said Chief Executive Julie Sweet.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

June 20, 2025 08:28 ET (12:28 GMT)

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