
Global software stocks rally after Accenture reports strong earnings
Investing.com -- Global software and IT services stocks rallied Thursday after Accenture PLC reported quarterly earnings and revenue that comfortably topped Wall Street estimates, sparking fresh optimism across a sector that had been grappling with cautious enterprise spending.
Accenture shares soared 18% in morning trading, lifting a wide swath of its industry peers. Globant SA surged 10%, while Capgemini SE climbed 9%. Cognizant Technology Solutions Corp. and Infosys Ltd. both advanced 8%, EPAM Systems Inc. jumped 7%, and International Business Machines Corp. added 5%.
For its fiscal fourth quarter, Dublin-based Accenture reported revenue of $18.7 billion, up 6.3% from a year earlier and well ahead of the $18.04 billion expected by analysts. Net income expanded sharply as earnings per share rose to $3.29 from $2.25 in the prior-year period.
The results were bolstered by robust order intake. New bookings for the quarter reached $22.2 billion, up 4.2% year-over-year and beating cons






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