Consulting and technology services firm
Appears in 2 stories
The company at the center of the AI-disruption debate
Accenture's stock surged 22% on October 1, its biggest single-day gain on record, after the consulting giant blew past fourth-quarter estimates. Revenue reached $18.68 billion and new bookings hit $22.2 billion — a book-to-bill ratio of 1.2, meaning it signed more work than it billed.
Updated Oct 2
Stock declined 6% on February 23; significant legacy modernization practice at risk
An estimated 220 billion lines of COBOL code still run in production every day, processing 95% of ATM transactions and roughly $3 trillion in daily commerce. For decades, understanding and modernizing that code has required large teams of specialized consultants working for months or years. On February 23, Anthropic published a playbook showing how Claude Code can automate these labor-intensive tasks—mapping dependencies, documenting workflows, identifying risks across thousands of files.
Updated May 29
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