Cognizant, IBM and Salesforce Gain Following Accenture Q4 Results

Cognizant shares jumped 12.70% and IBM gained 6.5% on Wall Street following Accenture's fiscal fourth-quarter performance.

Accenture reported fourth-quarter revenue of $18.7 billion, surpassing analyst estimates of $18.04 billion, with total annual revenue reaching $74.2 billion.

For fiscal 2027, Accenture projected local currency revenue growth of 3% to 6% and forecast GAAP diluted earnings per share of $14.39 to $14.81.