US Stock Market: Accenture’s AI transformation faces investor skepticism as stock plunges; CEO Julie Sweet remains confident (opens original article in a new tab)

Accenture's stock dropped 20% following weaker-than-expected bookings and a revised outlook, as CEO Julie Sweet defends the decline as part of a long-term AI transformation despite investor skepticism over timing and execution.

• Accenture's shares fell nearly 20% after weaker-than-expected bookings and a softer outlook in fiscal third-quarter results
• CEO Julie Sweet attributes the decline to a multi-year AI-driven transformation rather than structural weakness
• Investors remain skeptical as revenue growth slowed and guidance was trimmed due to macroeconomic and geopolitical factors
• Accenture's AI transformation strategy focuses on integrating consulting, technology, and operations into a unified model for large-scale enterprise adoption