Accenture beats quarterly revenue estimate on strong demand for AI services


FILE PHOTO: The logo of Accenture is displayed on a building, on the first day of the annual meeting in Davos, Switzerland, January 15, 2024. REUTERS/Denis Balibouse/File Photo

Dec 18 (Reuters) - Accenture beat Wall Street expectations for first-quarter revenue on Thursday, buoyed by robust demand for its artificial intelligence-driven IT services as the company advances its AI strategy to capture greater market share.

The company's aggressive AI push underscores a wider industry trend of enterprises using machine learning tools to help speed up mundane and complex tasks, freeing up resources to focus elsewhere, as investors bet on these processes to massively boost growth.

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