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Accenture disclosed long-term guidance for FY27-FY29 at its October 14 Investor Day: mid-single-digit local currency revenue growth in FY27 and FY28, rising to mid-to-high single digits in FY29; operating margin expansion of 10-30bp per year over the next three years; total addressable market TAM expanding to $3 trillion. Cash flow targets: FY27 free cash flow/net income of 1.2-1.3x, no less than 1.1x in FY28-29. Shareholder returns: return no less than $9.5 billion in cash to shareholders in FY27, including $5.5 billion in buybacks, dividend per share growth of 5%, payout ratio at the high end of the 40% range; payout ratio to fall back to the mid-range of 40% in FY29. FY27 plans to invest approximately $8 billion in M&A, with external revenue contribution expected at 2%-2.5%. FY26 company free cash flow was $11.6 billion, above original guidance, with book-to-bill ratio of 1.1x validating demand resilience.