Loading...Loading...U.S. stocks traded mostly higher midway through trading, with the Dow Jones gaining over 50 points on Thursday.Following the market opening Thursday, the Dow traded up 0.17% to 38,898.96 while the NASDAQ rose 0.01% to 17,864.13. The S&P 500 also rose, gaining, 0.09% to 5,491.81.Check This Out: Workday To Rally Over 52%? Here Are 10 Top Analyst Forecasts For ThursdayLeading and Lagging SectorsEnergy shares jumped by 1.5% on Thursday.In trading on Thursday, real estate shares fell by 0.2%. ...

Accenture plc (NYSE:ACN) Q3 2024 Earnings Call Transcript June 20, 2024 8:00 AM ET Company Participants Katie O'Conor - Managing Director, Head of Investor Relations Julie Sweet - Chair and Chief Executive Officer KC McClure - Chief Financial Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Dave Koning - Baird Bryan Keane - Deutsche Bank Rod Bourgeois - DeepDive Equity Research Bryan Bergin - TD Cowen James Faucette - Morgan Stanley Keith Bachman - BMO Operator Ladies and gentlemen, thank you ...

Accenture NYSE: ACN is a global leader in professional services and technology consulting. Accenture’s third-quarter earnings revealed a company strategically positioned for growth within the rapidly evolving technological sector. While the company's earnings and revenue slightly missed Accenture’s analyst community’s projections, its robust performance in generative artificial intelligence (AI) bookings has signaled a confident outlook for the future.Get Accenture alerts:Accenture's Earnings: A Mixed Bag W ...

Key TakeawaysAccenture shares jumped Thursday following the release of third-quarter results that saw revenue miss analysts' estimates but net income beat expectations.The company's AI-related bookings remain a source of strength, as they grew to $900 million for the quarter, for a total of $2 billion fiscal year-to-date.Accenture also narrowed or lowered some of its guidance ranges for the full fiscal year. Accenture (ACN) shares rose Thursday after the consulting giant reported third-quarter results that ...

Financial Performance - Revenue for the quarter ended May 2024 was $16.47 billion, a decrease of 0.6% compared to the same period last year [1] - EPS for the quarter was $3.13, down from $3.19 in the year-ago quarter [1] - Revenue missed the Zacks Consensus Estimate of $16.52 billion by -0.35% [1] - EPS missed the consensus estimate of $3.14 by -0.32% [1] Key Metrics - Total New Bookings were $21.06 billion, exceeding the average estimate of $19.24 billion [3] - Managed Services New Bookings were $11.78 billion, surpassing the average estimate of $9.87 billion [3] - Consulting New Bookings were $9.28 billion, slightly below the average estimate of $9.37 billion [3] Geographic Revenue - North America revenue was $7.83 billion, matching the estimate and representing a +1.5% year-over-year change [3] - Growth Markets revenue was $2.86 billion, below the estimate of $3.11 billion and showing a -11.5% year-over-year change [3] - EMEA revenue was $5.78 billion, slightly below the estimate of $5.87 billion but with a +2.9% year-over-year increase [3] Revenue by Type of Work - Consulting revenue was $8.46 billion, above the estimate of $8.35 billion but with a -2.7% year-over-year change [3] - Managed Services revenue was $8.01 billion, below the estimate of $8.12 billion but with a +1.8% year-over-year increase [3] Revenue by Industry Groups - Product revenue was $4.98 billion, slightly below the estimate of $5.01 billion and showing a +0.3% year-over-year change [3] - Health & Public Service revenue was $3.52 billion, matching the estimate and representing a +7.6% year-over-year increase [3] - Financial Services revenue was $2.89 billion, below the estimate of $3.06 billion and showing a -7.8% year-over-year change [3] - Communications, Media & Technology revenue was $2.76 billion, above the estimate of $2.57 billion but with a -4.1% year-over-year change [3] Stock Performance - Shares of Accenture have returned -7.1% over the past month, underperforming the Zacks S&P 500 composite's +3.6% change [3] - The stock currently has a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]

LuckyBusiness/iStock via Getty Images Investment Thesis Accenture plc (NYSE:ACN) delivered exceptionally strong Q3 2024 results, with new bookings increasing by 22% y/y, marking the highest growth in new bookings over the past two fiscal years. Before these results, I had given up on this stock, believing its prospects were already fully priced in. However, I was clearly mistaken. Although the stock isn't cheap, trading at approximately 23x next year's EPS, its solid balance sheet, commitment to returni ...

Accenture (ACN) came out with quarterly earnings of $3.13 per share, missing the Zacks Consensus Estimate of $3.14 per share. This compares to earnings of $3.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.32%. A quarter ago, it was expected that this consulting company would post earnings of $2.66 per share when it actually produced earnings of $2.77, delivering a surprise of 4.14%.Over the last four quarters, the compa ...

Q3 FY24 Performance Growth in new bookings reflects strategy to lead reinvention for clients ***Material, Non-Public - Not To Be Distributed Further*** $3.13 1 Total Revenues Geographic Markets** (Revenues and Growth in Local Currency) $16.5B $7.8B North America $5.8B EMEA Increase of 1.4% in local currency and decrease of 1% in USD 1% 2% 8% $2.9B Growth Markets Industry Groups (Revenues and Growth in Local Currency) Communications, Media & TechnologyFinancial ServicesHealth & Public Service Products Resour ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34448 Accenture plc (Exact name of registrant as specified in its charter) Ireland 98-0627530 (State or other jurisdiction ...

Exhibit 99 Accenture Reports Third-Quarter Fiscal 2024 Results • New bookings of $21.1 billion, an increase of 22% in U.S. dollars and 26% in local currency • Generative AI new bookings of over $900 million for a total of $2 billion fiscal year-to-date • Revenues of $16.5 billion, a decrease of 1% in U.S. dollars and increase of 1.4% in local currency, with consulting revenues of $8.5 billion and managed services revenues of $8.0 billion • GAAP operating margin of 16.0%, an increase of 180 basis points over ...