Core Viewpoint - Accenture reported quarterly earnings of $3.03 per share, exceeding the Zacks Consensus Estimate of $2.98 per share, and showing an increase from $2.79 per share a year ago, indicating a positive earnings surprise of +1.68% [1] Financial Performance - The company achieved revenues of $17.6 billion for the quarter ended August 2025, surpassing the Zacks Consensus Estimate by 1.56% and up from $16.41 billion year-over-year [2] - Over the last four quarters, Accenture has exceeded consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance and Outlook - Accenture shares have declined approximately 32% since the beginning of the year, contrasting with the S&P 500's gain of 12.9% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $3.59 on revenues of $18.5 billion, and for the current fiscal year, it is $13.62 on revenues of $73.2 billion [7] - The estimate revisions trend for Accenture was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Computers - IT Services industry, to which Accenture belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, suggesting potential challenges ahead [8] - The performance of Accenture's stock may also be influenced by the overall outlook for the industry [8]

Core Insights - Accenture reported Q4 revenue of $17.6 billion, a 7.3% year-over-year increase, exceeding expectations of $17.4 billion [1] - The company anticipates a slowdown in U.S. federal consulting spending, which may impact revenue growth by 1% to 1.5% in the fiscal year ending August 2026 [1] - Excluding this impact, Accenture expects revenue growth to be between 3% and 6% [1] Financial Performance - Non-GAAP earnings per share for Q4 were $3.03, surpassing market expectations of $2.99 [1] - Total new orders for Q4 amounted to $21.3 billion, with annual new orders reaching $80.6 billion [1] - Generative AI new orders were $1.8 billion for Q4 and $5.9 billion for the entire year [1] Shareholder Returns - Accenture plans to return at least $9.3 billion in cash to shareholders in the new fiscal year, an increase of approximately $1 billion from the previous year [1] Workforce and AI Training - The company intends to increase its workforce in the U.S. and Europe to meet client demand [2] - Accenture has begun training over 700,000 employees in AI technologies to enhance collaboration with human staff [2]

Core Insights - Accenture Plc reported stronger-than-expected fourth-quarter results, indicating resilience amid investor concerns regarding federal spending cuts and a broader slowdown in the consulting sector [1] Company Performance - The fourth-quarter results exceeded market expectations, showcasing the company's ability to navigate challenging economic conditions [1] Industry Context - The consulting sector is experiencing a slowdown, yet Accenture's performance suggests it is managing to maintain stability despite these industry-wide challenges [1]

Financial Performance - Q4 FY25 - Total revenues reached $176 billion, a 45% increase in local currency and 7% in USD[4] - Adjusted earnings per share (EPS) increased by 9% to $303, excluding business optimization impacts[6] - Adjusted operating margin increased by 10 bps to 151%, excluding business optimization impacts[7] Financial Performance - Full Year FY25 - Total revenues reached $697 billion, a 7% increase in both local currency and USD[13] - Adjusted earnings per share (EPS) increased by 8% to $1293, excluding business optimization impacts[13] - Adjusted operating margin increased by 10 bps to 156%, excluding business optimization impacts[14] - Free cash flow was $109 billion[15] Strategic Priorities & Growth Areas - Cloud revenue reached approximately $39 billion with 12% growth[17] - Industry X revenue reached $9 billion with 10% growth[17] - Security revenue reached $10 billion with 16% growth[17] - GenAI bookings almost doubled to $59 billion, and revenues tripled to $27 billion[22, 31] Returning Value to Shareholders - Dividends paid totaled $37 billion, or $592 per share, a 15% increase over the fiscal year 2024 quarterly dividend rate[15] - Share repurchases amounted to $46 billion[21] - The company plans to return at least $93 billion of cash to shareholders in FY26, a 12% or $1 billion increase compared to FY25[25] FY26 Outlook - Revenue growth in local currency is projected to be between 2% and 5%[23] - Adjusted earnings per share are expected to be between $1352 and $1390, a 5% to 8% increase over FY25[23]

Interest Rate Outlook - Fed Chair Jerome Powell expressed caution regarding lower interest rates, following a rate-cutting stance from two fellow Fed governors earlier in the week [2][3] - The federal funds rate has been relatively high, ranging from 3.13% to 5.38% between September 2022 and September 2024, as the Fed attempts to control inflation [4] Market Reaction - Stock prices fell, with the S&P 500 and Nasdaq Composite both declining by 0.3%, and the Dow Jones Industrial Average retreating by 0.4% [3] - Stock futures for major indices are slightly down ahead of the market open [5] Economic Indicators - Initial jobless claims for the week of September 20 are expected to rise to 235,000 from 231,000 in the prior week [6] - Existing home sales are projected to decrease to 3.96 million in August from 4.01 million in July [6] - Corporate earnings reports are anticipated, with Costco expected to report EPS of $5.81 for the August quarter, up from $5.29 in the prior year [6] and Accenture's consensus EPS estimate at $2.98, up from $2.66 [6] Company Earnings Expectations - CarMax is expected to report EPS of $1.03 for the August quarter, an increase from $0.85 in the same period last year [7]

Core Insights - Accenture's fiscal Q4 earnings exceeded expectations, with adjusted earnings rising 9% to $3.03 per share, while revenue increased 7% to $17.6 billion, despite challenges in U.S. federal government spending and the consulting sector [2][4] - The company's fiscal 2026 sales outlook was considered light, with expected revenue growth for the current quarter projected between $18.1 billion and $18.75 billion, below analyst estimates [4][5] - Accenture's stock rose 1% in early trading, although it has seen a 32% decline in 2024, reaching its lowest levels since late 2020 [3][4] Financial Performance - Accenture reported adjusted earnings of $3.03 per share for the quarter ended August 31, surpassing analyst expectations of $2.98 per share [2] - Revenue for the quarter was $17.6 billion, which included a 7% increase, attributed to acquisitions, despite a backdrop of reduced government spending [2] - Bookings totaled $21.3 billion, with $1.8 billion related to artificial intelligence, indicating a focus on emerging technologies [2] Future Guidance - For the current quarter ending in November, Accenture anticipates revenue growth between $18.1 billion and $18.75 billion, slightly above the consensus estimate of $18.51 billion [4] - The company projects a revenue growth of 1%-5% for fiscal 2025, with the midpoint of this guidance falling below the expected 5% growth to $73.16 billion [4] Market Reaction - Analyst Bryan Bergin from TD Cowen described Accenture's fiscal Q4 results and guidance as "better than feared," reflecting a negative sentiment in the market [5] - Accenture's stock performance has been under pressure, with significant declines observed in 2024, highlighting broader market concerns [3][4]

Core Insights - The global consulting company reported adjusted earnings and revenue that exceeded analysts' expectations [1] Financial Performance - The company's adjusted earnings surpassed analyst forecasts, indicating strong financial health [1] - Revenue figures also topped expectations, reflecting robust business performance [1]

Accenture posted higher fourth-quarter sales as it shrugged off concerns about the impact federal government cuts could have on its revenue. - pau barrena/Agence France-Presse/Getty Images Accenture posted higher fourth-quarter sales as it shrugged off concerns about the impact federal government cuts could have on its revenue. The technology consulting company reported net income of $2.25 a share, down 15% from the year prior. But adjusted earnings rose 9% to $3.03. Analysts were expecting $2.98 a share ...

格隆汇9月25日丨埃森哲2025财年第四季度新预订额为213亿美元，全年为806亿美元。埃森哲该季度收 入为176亿美元，以美元计算增长了7%，以当地货币计算增长了4.5%；全年收入为697亿美元，以美元 计算增长了48亿美元，即7%。埃森哲第四季度GAAP稀释每股收益为2.25美元，下降了15%；调整后每 股收益为3.03美元，增长了9%。 ...

Revenue and Earnings - Fiscal 2025 revenues were $69.67 billion, reflecting a 7% increase in both U.S. dollars and local currency compared to fiscal 2024[28]. - Fourth quarter revenues reached $17.60 billion, a 7% increase in U.S. dollars and 4.5% in local currency, at the top end of the company's guidance[10]. - New bookings for fiscal 2025 totaled $80.62 billion, a decrease of 1% in both U.S. dollars and local currency compared to fiscal 2024[26]. - Generative AI new bookings for the fourth quarter were $1.8 billion, contributing to a total of $5.9 billion for the year[6]. - Full-year GAAP diluted EPS was $12.15, a 6% increase, while adjusted EPS was $12.93, an 8% increase compared to fiscal 2024[6]. - The company expects full-year revenue growth of 2% to 5% in local currency for fiscal 2026, with adjusted EPS guidance of $13.52 to $13.90, representing a 5% to 8% increase[6]. - GAAP diluted EPS for fiscal 2025 were $12.15, a 6% increase over $11.44 for fiscal 2024[41]. - Full year fiscal 2026 GAAP diluted EPS is expected to be between $13.19 and $13.57, representing a 9% to 12% increase over fiscal 2025[45]. Cash Flow and Shareholder Returns - Free cash flow for the fourth quarter was $3.8 billion, and $10.9 billion for the full year[6]. - The company returned $8.3 billion to shareholders in fiscal 2025, including $4.6 billion in share repurchases and $3.7 billion in cash dividends[39]. - The company repurchased 14.1 million shares for a total of $4.6 billion in fiscal 2025, with an outstanding authority of approximately $7.9 billion[46]. - A quarterly cash dividend of $1.63 per share has been declared, representing a 10% increase over the previous quarterly dividend[42]. - Cash dividends paid increased to $921,725 for the three months ended August 31, 2025, from $807,869 in the same period of 2024[63]. Operating Performance - The company recorded a GAAP operating margin of 14.7% for the full year, a decrease of 10 basis points, while the adjusted operating margin was 15.6%, an increase of 10 basis points[6]. - GAAP operating income for fiscal 2025 increased 7% to $10.23 billion compared to $9.60 billion in fiscal 2024[35]. - Operating cash flow for fiscal 2025 was $11.47 billion, up from $9.13 billion in fiscal 2024[37]. - Operating income for the year ended August 31, 2025, was $10,840,988, with a 15.6% operating margin, compared to $10,034,287 and a 15.5% margin for the previous year[59]. - Total operating income for the three months ended August 31, 2025, was $2,665,015, representing a 15.1% operating margin, compared to $2,459,615 and a 15.0% margin for the same period in 2024[57]. Assets and Equity - The total cash balance at August 31, 2025, was $11.5 billion, up from $5.0 billion a year earlier[25]. - Total current assets increased to $28,900,689 as of August 31, 2025, from $20,857,781 in 2024, driven by a rise in cash and cash equivalents to $11,478,729[62]. - Total assets reached $65,394,897 as of August 31, 2025, up from $55,932,363 in 2024, indicating strong growth in the company's asset base[62]. - Total shareholders' equity increased to $32,240,967 as of August 31, 2025, from $29,168,248 in 2024, reflecting a solid increase in equity[62]. Regional Performance - The Americas region generated revenues of $8,804,391 for the three months ended August 31, 2025, reflecting a 5% increase from $8,423,447 in the prior year[55]. - Operating income in the Americas for the three months ended August 31, 2025, was $987,032, down from $1,295,736 in the prior year, with a margin of 11%[56]. - The Americas region contributed $1,407,501 to operating income for the three months ended August 31, 2025, with a 16% margin, compared to $1,320,561 and a 16% margin in 2024[57]. - The Asia Pacific region's operating income for the three months ended August 31, 2025, was $462,846, with an 18% margin, compared to $420,494 and an 18% margin in 2024[57]. Costs and Expenses - The company initiated a business optimization program with a charge of $615 million in Q4 FY25, expecting total costs of approximately $865 million over six months[16]. - The company recorded $344 million in employee severance costs and $271 million in asset impairments related to business optimization actions initiated in fiscal 2025[59]. - Depreciation, amortization, and other expenses for the three months ended August 31, 2025, were $758,932, up from $596,405 in the same period of 2024[63]. - Share-based compensation expense rose to $439,547 for the three months ended August 31, 2025, compared to $402,788 in the same period of 2024[63]. Income and Taxation - Net income attributable to Accenture plc for the three months ended August 31, 2025, was $1,413,963, down 16% from $1,684,301 in the same period last year[53]. - Net income for the three months ended August 31, 2025, was $1,449,806, a decrease from $1,718,666 in the same period of 2024, while the year-end net income increased to $7,832,400 from $7,419,197[63]. - The effective tax rate for the three months ended August 31, 2025, was 27.9%, compared to 26.2% for the same period in 2024[59].