Accenture CEO Julie Sweet is telling onlookers to hold their judgment.

Shares at the global professional services firm fell nearly 20% on Thursday and have dropped about 50% since this time last year.

In its third-quarter earnings call on Thursday, it reported a 2% drop in new bookings compared to the third quarter of 2026. It also reported revenues of $18.7 billion, up $1.0 billion from the same quarter in 2025, though that was below expectations.

Sweet’s message to the investors betting on the company was simple: Be patient. As companies seek Accenture’s help to integrate AI, she said, the numbers will improve.

“The investors, I think, are missing the AI tailwind and how we’re positioning…