Accenture (ACN) stock surged before moderating its gain Wednesday, as the technology consultant scored a major contract with the U.S. Department of Agriculture to oversee more than $80 billion in agency grants and funds and modernize its various financial systems. After a 2.8% lift Tuesday to 97.12, Accenture rose as high as 97.85 early in the stock market today, then fell flat with the prior day’s close as the broader market eased. It was unclear
Accenture (ACN) reported better-than-expected fiscal Q3 earnings Thursday morning and raised its full-year guidance, sending the stock to a record high. Accenture reported revenue of $7.77 billion for the quarter ended May 31, up 0.4% from the year-earlier quarter and beating the consensus estimate of $7.54 billion among analysts polled by Thomson Reuters. Earnings per share minus items rose 3% to $1.30, beating the $1.23 analysts expected.
Cognizant Technology Solutions (CTSH) showed more growth in its core banking and fast growing health care business when it reported first-quarter earnings Monday that beat analyst estimates. The information technology and outsourcing service company’s outlook was mixed. But Cognizant stock rose 6.3% to 62.86 in early trading in the stock market today. Cognizant’s earnings follows uneven results from rivals, with some including Accenture (ACN)