
KPMG Australia plans to lay off approximately 5% of its staff following a 16.9% decrease in consulting income. The job cuts will impact 27 partners as well as around 360 staff members. The majority of roles eliminated are in consulting and business services.
| Company | Ticker | Last | Move |
|---|---|---|---|
| Accenture | ACN | $186.81 | +0.82% |
| IBM | IBM | $232.08 | −1.53% |
| Cognizant | CTSH | $61.90 | +0.05% |
| EPAM Systems | EPAM | $111.86 | +1.37% |
| Metric | Result |
|---|---|
| Revenue growth, local currency | +3% |
| Consulting revenue growth | +1% |
| Managed services growth | +5% |
| Operating margin | 17.0% |
| New bookings | −2% |
Consensus remains Buy across 27 analysts. Yet the $179.11 average target sits below the live price.
Why ACN is rising: the stock’s 9.9% rebound since August 17 suggests investors see listed consulting franchises as more resilient than KPMG Australia’s local contraction. Accenture still posted 3% local-currency growth and a 17% operating margin.
What could reverse it: KPMG’s 16.9% consulting decline confirms weak discretionary demand. Accenture’s bookings fell 2%, while the average analyst target is already 4.1% below the market price.
Sources: Reuters, ABC News Australia, KPMG Australia, Accenture, StockAnalysis: ACN and analyst forecast.
Peer timestamps on August 24, 2026: ACN 10:45 EDT; IBM 10:35 EDT; CTSH 10:30 EDT; EPAM 10:47 EDT. Prices are intraday and may change. KPMG Australia is privately held; ACN is a sector proxy, not a direct valuation equivalent.
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