Accenture Jumps 16% as AI Demand Drives Revenue and Profit Growth

$ACN entered the week down 21% for the year before delivering a sharp earnings-driven reversal.
Revenue rose 6% to $18.68 billion, while profit increased to $3.29 per share from $2.25 a year earlier. The stock surged 16% in a single session, its biggest one-day move since 2008.
AI disruption had been a major concern for the consulting industry, but clients are now hiring Accenture to help build and deploy their AI infrastructure. The same technology viewed as a threat is becoming an important source of demand.