Accenture Plc (NYSE:ACN) stock fell 1.30% (As on March 20, 1:57:14 AM UTC-4, Source: Google Finance) after the company posted better than expected results for the second quarter of FY 26. The managed services’ revenues of $9.2 billion increased 10% from the year-ago quarter on a reported basis and 5% in local currency. Consulting revenues gained 7% year over year on a reported basis and 3% in local currency to $9 billion. Segment-wise, health and public service revenues of $3.7 billion increased 2% year over year on a reported basis but declined 1% in local currency. Revenues from the resources segment amounted to $2.4 billion, rising 7% from the year-ago quarter on a reported basis and 2% on a local currency basis. Revenues from the product segment amounted to $5.5 billion, up 8% year over year on a reported basis and 3% on a local currency basis. Communications, media and technology revenues of $3.1 billion increased 13% year over year on a reported basis and 10% in terms of local currency. Financial services revenues of $3.4 billion rose 13% from the year-ago quarter on a reported basis and 7% in local currency.

Further, geographically, revenues of $8.9 billion from the Americas rose 4% from the year-ago quarter on a reported basis and 3% on a local currency basis. Revenues of $6.6 billion from the EMEA grew 13% on a reported basis and 2% in local currency. Revenues of $2.6 billion from the Asia Pacific increased 12% year over year on a reported basis and gained 10% in local currency. The company reported bookings worth $22.1 billion in the second quarter of fiscal 2026, increasing 6% from the year-ago quarter on a reported basis and 1% in local currency. Consulting bookings were $11.3 billion and managed services bookings were $10.8 billion.

ACN in the second quarter of FY 26 has reported the adjusted earnings per share of $2.93, beating the analysts’ estimates for the adjusted earnings per share by 2.5%, according to the Zacks Consensus Estimate. The company had reported the adjusted revenue growth of 8.3 percent to $18 billion in the second quarter of FY 26, beating the analysts’ estimates for revenue by 1.2%. The gross margin (gross profit as a percentage of net revenues) for the second quarter of fiscal 2026 was 30.3%, up 40 basis points (bps) from the year-ago quarter. The operating margin of 13.8% moved up 30 bps from the second quarter of fiscal 2025. ACN exited the second-quarter fiscal 2026 with cash and cash equivalents of $9.4 billion compared with $9.6 billion at the end of the first-quarter fiscal 2026.