Accenture

Money Moves

Increasing capital returns after a steep stock decline

Five days after its worst one-day stock drop on record, Accenture said it will spend $2 billion more buying back its own shares. That lifts planned 2026 repurchases to about $7.5 billion, roughly 62% above last year.

Updated Jun 23

New Capabilities

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