In its second-quarter 2026 investor letter, Carillon Eagle Growth & Income Fund highlighted Accenture plc (NYSE:ACN) as a company facing growth concerns. The letter, released by Carillon Tower Advisers, an investment management company, provides valuable insights into the company’s performance during the quarter.

The second quarter of 2026 was marked by a sharp rally in AI-related stocks, with gains concentrated in highly cyclical semiconductor, memory, and optical companies. The S&P 500 gained 15.2%, while the semiconductor index surged 87.8%. However, unlike earlier AI rallies led by megacaps and strong earnings growth, some smaller technology stocks rose 200% to 300%, making the advance more fragile. Software and services stocks declined as investors questioned the impact of AI disruption. Oil prices also rose during the Iran conflict before retreating, briefly increasing inflation and interest-rate concerns.

Despite the volatility, economic data and corporate earnings remained strong. S&P 500 earnings are projected to rise 25% in 2026 and 15% in 2027, with the market trading near 20x earnings. The Fund continues to focus on financially strong companies with durable earnings growth that can perform across different economic conditions.

Carillon Eagle Growth & Income Fund highlighted Accenture plc (NYSE:ACN) in its Q2 2026 investor letter, stating that the company delivered weaker performance during the quarter. Investor concerns rose with decelerating revenue growth due to government contract cancellations and softening demand for discretionary information technology spending. The uncertain net effect of artificial intelligence fueled these fears. While fiscal fourth-quarter financials demonstrated that these fears were inflated, we believe the company needs to execute on its 2026 guidance before sentiment fully recovers.

Accenture plc (NYSE:ACN) is a leading global professional services company, providing strategy and consulting, industry X, song, and technology and operation services. On July 27, 2026, Accenture plc (NYSE:ACN) closed at $154.06 per share. One-month return of Accenture plc (NYSE:ACN) was 23.80% and its shares lost 44.76% over the past 52 weeks. Accenture plc (NYSE:ACN) has a market capitalization of $94.28 billion with a 52-week trading range between $118.15 – $291.09.

The Fund’s focus on financially strong companies with durable earnings growth that can perform across different economic conditions is evident in its investment strategy. The Fund continues to monitor Accenture plc (NYSE:ACN) and other companies in its portfolio, adjusting its investment approach as needed to maximize returns.

In conclusion, Accenture plc (NYSE:ACN) faces growth concerns amid AI disruption. The company’s performance during the quarter was impacted by decelerating revenue growth and softening demand for discretionary information technology spending. However, with a focus on executing on its 2026 guidance, the company may be able to recover sentiment and deliver strong earnings growth in the future.