Accenture slides 18% on weak bookings

研报英文原文证据摘录

Accenture slides 18% on weak bookings

Foundation

June 21, 2026 03:00 PM GMT

Morgan Stanley & Co. International plc+MSoftware Snippets | Europe George W Webb

Equity Analyst

Accenture slides 18% on weak George.Webb@morganstanley.comMark Hyatt +44 20 7425-2686

Mark.Hyatt@morganstanley.com +44 20 7677-3663

bookings William Richards

Research Associate

William.Richards1@morganstanley.com +44 20 7425-0269

Important events in the world of Software & Services in the

Technology - Software & Services

week ahead, and key MS research / stories from the past week. Europe

Industry View In-Line

Key Takeaways

Accenture - soft 3Q bookings drive sharpest one-day price drop on record (*MS

Research*, #Capgemini, #IT Services)

European Data Centers: Growth lags the US, but long-term outlook still strong

(*MS Research*, #IONOS)

Microsoft releases Copilot Cowork into general availability (#Software)

Thoma Bravo to hand over the keys to Medallia (#Software)

OVH Groupe plans to enter the frontier AI model arena (#Software, #IT Services)

1) Accenture - soft 3Q bookings drive sharpest one-day price drop on record

(*MS Research*, #Capgemini, #IT Services): Accenture (covered by James Faucette)

fell 18% on Thursday after publishing its FY3Q26 results (to May 2026). We think

investors found a few issues with the results. Firstly, a soft bookings performance at

-3% cc, and the total bookings figure missing Visible Alpha consensus by 7%.

Secondly, a downward revised range for FY26 y/y cc revenue growth (to 3-4% from

3-5%). Thirdly - compared to Accenture's own multiple - higher valuation M&A

centered on the cybersecurity market. On the call, Accenture flagged a couple of

large Managed Services deals slipping into their FY27 for company-specific reasons,