Accenture's Upbeat Q4 Results Spark Surge in Cognizant, IBM Shares

Cognizant and IBM shares surged on Wall Street following Accenture's upbeat fiscal fourth-quarter performance. Accenture reported $18.7 billion in revenue, exceeding analysts' estimates of $18.04 billion.

The company also announced a revenue growth outlook of 3% to 6% for fiscal 2027, boosting market confidence. Cognizant shares jumped 12.70%, while IBM gained 6.5%. Accenture's results lifted sentiment across the sector.

Accenture Chair and CEO Julie Sweet said the company 'exceeded our fourth-quarter revenue guidance range and capped off another year of broad-based growth.' The company reported a record $11.5 billion in returns to shareholders.