Shares of Accenture rose after the consulting company reported better-than-expected fiscal fourth-quarter earnings, brushing off mounting concerns that artificial intelligence could disrupt the consulting world.

Revenue for the quarter totaled $18.7 billion, beating analysts' estimates of $18.03 billion. Adjusted earnings of $3.29 a share also topped Wall Street's calls for $3.18.

Net bookings rose to $22.2 billion in the fiscal fourth quarter, up 5% in local currency. CEO Julie Sweet said Accenture had reached a new high of 141 quarterly client bookings of $100 million or more.

Accenture stock climbed 9.3% to $200.67 in premarket trading Thursday. Shares had rallied ahead of earnings, closing up 3.5% at $183.37.

Accenture outlined its guidance for fiscal 2027, expecting revenue growth range of 3% to 6% in local currency. The company also expects adjusted earnings to increase between 3% and 6% during that same period.

Adjusted earnings of $13.97 a share for the fiscal year ended Aug. 31, beat Wall Street's consensus projections for $13.86. Revenue in the period totaled $74.2 billion, above consensus estimates of $73.56 billion.

Both revenue and adjusted earnings topped Accenture's previous guidance. In the fiscal third quarter, management had tweaked its fiscal 2026 outlook, expecting revenue to grow in a range of 3% to 4% in local currency, down from a prior range of 3% to 5%. Accenture had projected fiscal 2026 adjusted earnings to range from $13.78 to $13.90 a share.