Core Viewpoint - Accenture reported quarterly earnings of $3.49 per share, exceeding the Zacks Consensus Estimate of $3.30 per share, and showing an increase from $3.13 per share a year ago, indicating a 5.76% earnings surprise [1] Financial Performance - The company achieved revenues of $17.73 billion for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 2.56%, compared to $16.47 billion in the same quarter last year [2] - Over the last four quarters, Accenture has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance and Outlook - Accenture shares have declined approximately 12.9% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $3 for the upcoming quarter and $12.72 for the current fiscal year [4][7] Industry Context - The Computers - IT Services industry, to which Accenture belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8]

Core Insights - Accenture reported Q3 FY2025 revenue of $17.7 billion, a year-over-year increase of 7.5% [1] - New order total for the quarter was $19.7 billion, showing a decline of 6% year-over-year in USD terms and 7% in local currency, but generative AI business saw a strong performance with new orders of $1.5 billion [1][2] - The company maintained its revenue growth outlook for FY2025, expecting a 6%-7% increase in local currency, with a positive impact of 0.2% from foreign exchange fluctuations [1] Financial Performance - Operating margin for the quarter reached 16.8%, exceeding adjusted operating margin by 80 basis points and 40 basis points [1] - Diluted earnings per share (EPS) was $3.49, reflecting a growth of 15% and 12% compared to adjusted metrics [1] - Free cash flow for the quarter was robust at $3.5 billion, leading to a declared quarterly cash dividend of $1.48 per share [1] Strategic Outlook - The company is focusing on creating measurable value for clients, particularly in the generative AI sector, while traditional business remains stable [2] - Despite pressures from federal spending cuts and contract slowdowns in the U.S., the company has not seen significant impacts on its operations or financial health [2] - Accenture's strategic shift towards AI and emerging fields is showing early signs of success, with nearly $10 billion expected in free cash flow for the year [2]

Market Overview - US stock index futures are all down ahead of the market opening, with Dow futures down 0.16%, S&P 500 futures down 0.21%, and Nasdaq futures down 0.23% [1] - European indices show positive performance, with Germany's DAX up 0.91%, UK's FTSE 100 up 0.45%, France's CAC40 up 0.55%, and the Euro Stoxx 50 up 0.85% [2][3] Commodity Prices - WTI crude oil is up 0.35%, trading at $73.76 per barrel, while Brent crude oil is down 2.44%, trading at $76.93 per barrel [3][4] Corporate News - Accenture (ACN.US) reported a 7.5% increase in Q3 revenue to $17.7 billion, with a GAAP EPS of $3.49, and a significant surge in generative AI orders amounting to $1.5 billion [8] - SoftBank (SFTBY.US) plans to collaborate with TSMC (TSM.US) to create a $1 trillion AI and robotics industrial park in Arizona, aiming to replicate China's manufacturing success [9] - Meta (META.US) has invested $14.3 billion in AI startup Scale AI and is targeting further talent acquisition from Safe Superintelligence [10] - TerraPower, a nuclear startup founded by Bill Gates, has secured $650 million in funding, with Nvidia's venture arm participating, as it prepares for regulatory approval of its first commercial nuclear reactor [11] - Home Depot (HD.US) has made a takeover bid for GMS (GMS.US), potentially leading to a bidding war with QXO (QXO.US) [12] Economic Data and Events - Upcoming economic data includes the US June Philadelphia Fed Manufacturing Index and the May Conference Board Leading Economic Index [12]

Financial Performance - Q3 FY25 - Total revenues reached $17.7 billion, an increase of 7% in local currency and 8% in USD[2] - Earnings per share (EPS) increased by 12% on an adjusted basis to $3.49[2] - Operating margin increased by 40 bps on an adjusted basis to 16.8%[4] - Free cash flow was $3.5 billion[7] Financial Performance - Q3 YTD FY25 - Total revenues reached $52.1 billion, an increase of 8% in local currency and 7% in USD[11] - Earnings per share (EPS) increased by 8% on an adjusted basis to $9.90[12] - Operating margin increased by 10 bps on an adjusted basis to 15.7%[14] Strategic Priorities & New Bookings - New bookings amounted to $19.7 billion, with a book-to-bill ratio of 1.1[7] - New bookings decreased by 7% in local currency and 6% in USD[7] - Consulting new bookings accounted for 46% ($9.08 billion) of the total, while Managed Services accounted for 54% ($10.62 billion)[36] Revenue by Geographic Market - Q3 FY25 - Americas generated $9.0 billion in revenue, with a 9% increase in local currency[2] - EMEA generated $6.2 billion in revenue, with a 4% increase in local currency[2] - Asia Pacific generated $2.5 billion in revenue[2] Revenue by Industry Group - Q3 FY25 - Communications, Media & Technology generated $2.9 billion in revenue, with a 5% increase in local currency[2] - Financial Services generated $3.3 billion in revenue, with a 13% increase in local currency[2] - Health & Public Service generated $3.8 billion in revenue, with a 7% increase in local currency[2] - Products generated $5.3 billion in revenue, with a 7% increase in local currency[2] - Resources generated $2.4 billion in revenue, with a 4% increase in local currency[2]

埃森哲第三财季营收177亿美元，预估173.2亿美元。 埃森哲第三财季金融服务收入32.8亿美元，预估31.1亿美元。 埃森哲预计第四财季营收170亿美元至176亿美元，市场预估170.8亿美元。 埃森哲预计全年营收增长6％至7％，此前预计增长5％至7％。 埃森哲预计全年每股收益12.77美元至12.89美元，市场预估12.73美元。 ...

Financial Performance - Revenues for Q3 fiscal 2025 were $17.7 billion, an increase of 8% in U.S. dollars and 7% in local currency compared to Q3 fiscal 2024[70] - New bookings for Q3 fiscal 2025 were $19.7 billion, a decrease of 6% in U.S. dollars and 7% in local currency[70] - Operating margin for Q3 fiscal 2025 was 16.8%, up from 16.0% in Q3 fiscal 2024[70] - Diluted earnings per share for Q3 fiscal 2025 were $3.49, a 15% increase from $3.04 in Q3 fiscal 2024[70] - Revenues for Q3 fiscal 2025 increased to $17.7 billion, an 8% increase compared to $16.5 billion in Q3 fiscal 2024[85] - Operating income for the third quarter of fiscal 2025 increased by $352 million, or 13%, compared to the same period in fiscal 2024, with an operating margin of 16.8%[101] - For the nine months ended May 31, 2025, operating income rose by $934 million, or 13%, with an operating margin of 15.7%[101] Shareholder Returns - Cash returned to shareholders in Q3 fiscal 2025 totaled $2.7 billion, including dividends of $924 million and share purchases of $1.8 billion[70] - During the nine months ended May 31, 2025, Accenture plc repurchased a total of 12,478,861 shares for $4,141 million, including 10,326,925 shares through open-market purchases valued at $3,381 million[122] - The company plans to continue utilizing a significant portion of cash generated from operations for share repurchases throughout the remainder of fiscal 2025, with the number of shares repurchased depending on various market conditions[124] Revenue Breakdown - Consulting revenues increased by 7% in U.S. dollars and 6% in local currency for Q3 fiscal 2025, driven by strong growth in the Americas and EMEA[74] - Managed services revenues increased by 9% in both U.S. dollars and local currency for Q3 fiscal 2025, supported by strong demand for application modernization and cloud enablement[75] - Revenues in the Americas increased by 8% in Q3 fiscal 2025, driven by growth in Public Service, Banking & Capital Markets, and Insurance[87] Cost and Expenses - Operating expenses for Q3 fiscal 2025 increased by $909 million, or 7%, totaling $14.7 billion, while decreasing as a percentage of revenues to 83.2% from 84.0%[90] - Cost of services for Q3 fiscal 2025 increased by $933 million, or 9%, and represented 67.1% of revenues, compared to 66.6% in Q3 fiscal 2024[93] - Sales and marketing expenses for Q3 fiscal 2025 increased by $12 million, or 1%, and decreased as a percentage of revenues to 9.9% from 10.6%[95] - General and administrative costs for Q3 fiscal 2025 increased by $42 million, or 4%, and decreased as a percentage of revenues to 6.1% from 6.3%[96] Workforce and Utilization - The workforce increased to approximately 791,000 as of May 31, 2025, compared to approximately 750,000 a year earlier, reflecting hiring for skills needed to support service demand[78] - Utilization rate for Q3 fiscal 2025 was 92%, consistent with the same quarter in fiscal 2024[78] - Annualized attrition rate for Q3 fiscal 2025 was 16%, up from 14% in Q3 fiscal 2024[79] Cash and Debt - As of May 31, 2025, cash and cash equivalents totaled $9.6 billion, up from $5.0 billion as of August 31, 2024[117] - Net cash provided by operating activities for the nine months ended May 31, 2025 was $7,560 million, an increase of $1,819 million from the prior year[117] - The net increase in cash and cash equivalents for the nine months ended May 31, 2025 was $4,627 million, a significant improvement from a decrease of $3,508 million in the prior year[117] - The company had outstanding long-term debt of $5 billion as of May 31, 2025, with maturities ranging from 2027 to 2034[120] Interest and Tax - Interest income for the third quarter of fiscal 2025 was $79 million, an increase of $25 million over the same quarter in fiscal 2024[108] - Interest expense for the third quarter of fiscal 2025 was $68 million, an increase of $56 million compared to the third quarter of fiscal 2024[109] - The effective tax rate for the third quarter of fiscal 2025 was 24.0%, down from 25.4% in the same quarter of fiscal 2024[111] Internal Controls and Risk Management - Accenture plc's management has evaluated the effectiveness of its disclosure controls and procedures, concluding they were effective at the reasonable assurance level as of the end of the reporting period[127] - There have been no changes in internal control over financial reporting that materially affected the company during the third quarter of fiscal 2025[128] - There were no material changes to market risk exposure during the nine months ended May 31, 2025, as disclosed in the Annual Report for the year ended August 31, 2024[126] - The company has not been required to make any significant payments under off-balance sheet arrangements to date[126] Share Repurchase Program - The share repurchase program may be accelerated, suspended, delayed, or discontinued at any time without notice, depending on various factors[124] - The company acquired shares primarily through share withholding for payroll tax obligations under employee equity share plans, which do not affect the aggregate available authorization for open-market purchases[123] - Accenture continues to monitor its capital allocation planning, cash and debt balances, and other cash demands, including acquisition activity[124]

Financial Performance - New bookings for Q3 FY25 were $19.7 billion, a decrease of 6% in U.S. dollars and 7% in local currency compared to Q3 FY24[8]. - Revenues for Q3 FY25 reached $17.73 billion, an increase of 8% in U.S. dollars and 7% in local currency[10]. - Operating margin for Q3 FY25 was 16.8%, an increase of 80 basis points compared to the previous year[19]. - Diluted earnings per share for Q3 FY25 were $3.49, a 15% increase from $3.04 in Q3 FY24[20]. - Free cash flow for Q3 FY25 was $3.5 billion, compared to $3.02 billion in Q3 FY24[21]. - The company expects full-year revenue growth to be between 6% and 7% in local currency[6]. - Generative AI new bookings amounted to $1.5 billion during the quarter[6]. - Revenues for the three months ended May 31, 2025, were $17,727,871, representing a 7.6% increase from $16,466,828 for the same period in 2024[37]. - Total revenues for the three months ended May 31, 2025, increased by 8% to $17,727,871 compared to $16,466,828 for the same period in 2024[39]. - Total revenues for the nine months ended May 31, 2025, were $52,076,717, an increase from $48,490,645 for the same period in 2024[37]. - Total revenues for the nine months ended May 31, 2025, were $52,076,717, representing a 7% increase from $48,490,645 in the prior year[39]. Income and Earnings - Operating income for the three months ended May 31, 2025, was $2,982,782, which is 16.8% of revenues, compared to 16.0% for the same period in 2024[37]. - Net income attributable to Accenture plc for the three months ended May 31, 2025, was $2,197,501, a 13.8% increase from $1,932,183 in the same period last year[37]. - Earnings per share (diluted) for the three months ended May 31, 2025, were $3.49, compared to $3.04 for the same period in 2024, reflecting a 14.8% increase[37]. - Net income for the three months ended May 31, 2025, was $2,243,963, an increase from $1,981,348 in the prior year[43]. - Diluted earnings per share for the three months ended May 31, 2025, increased to $3.49 from $3.04 in the same period last year[43]. Cash Flow and Dividends - The quarterly cash dividend was increased by 15% to $1.48 per share, totaling $924 million in payments[25]. - Accenture repurchased 6.0 million shares for a total of $1.8 billion during Q3 FY25[25]. - Cash dividends per share increased to $1.48 for the three months ended May 31, 2025, up from $1.29 in the same period last year[37]. - The company paid cash dividends of $2,778,444 thousand for the nine months ended May 31, 2025, compared to $2,433,610 thousand for the same period in 2024, an increase of approximately 14.2%[46]. - Net cash provided by operating activities for the nine months ended May 31, 2025, was $7,560,252 thousand, compared to $5,741,596 thousand for the same period in 2024, an increase of about 31.7%[46]. Assets and Liabilities - The total cash balance at May 31, 2025, was $9.6 billion, up from $5.0 billion at August 31, 2024[22]. - Total assets increased to $63,362,028 thousand as of May 31, 2025, up from $55,932,363 thousand on August 31, 2024, representing a growth of approximately 13.5%[45]. - Total current liabilities decreased slightly to $18,768,835 thousand from $18,976,127 thousand, a reduction of approximately 1.1%[45]. - Long-term debt increased significantly to $5,035,975 thousand from $78,628 thousand, indicating a substantial rise in leverage[45]. - The company reported a net cash used in investing activities of $(1,248,360) thousand for the nine months ended May 31, 2025, compared to $(5,514,644) thousand for the same period in 2024, showing a decrease in cash outflow by approximately 77.3%[46]. Sector Performance - The Americas region reported revenues of $8,966,131 for the three months ended May 31, 2025, an 8% increase from $8,286,527 in the same period last year[39]. - Financial Services sector revenues grew by 13% to $3,278,891 for the three months ended May 31, 2025, compared to $2,894,753 in the previous year[39]. - The Health & Public Service sector reported a 10% increase in revenues to $11,199,205 for the nine months ended May 31, 2025, compared to $10,226,769 in the previous year[39]. Economic Outlook - The company anticipates ongoing challenges related to economic and geopolitical conditions, which may impact future performance[35].

Core Insights - Accenture plc (ACN) is set to release its third-quarter fiscal 2025 results on June 20, with expectations of a revenue increase of 4.5% year-over-year to $17.2 billion and an EPS rise of 5.1% to $3.29 [1][8] Revenue Expectations - The Zacks Consensus Estimate for Consulting revenues is $8.7 billion, reflecting a 2.4% year-over-year growth [2] - Managed Services segment revenues are estimated at $8.5 billion, indicating a 6.1% increase from the previous year [2] - Products segment revenues are projected to be $5.2 billion, showing a 4.5% rise from the year-ago level [3] - Health & Public Services segment revenues are expected to reach $3.7 billion, suggesting a 5.7% increase [3] - Financial Services revenues are anticipated to be $3 billion, implying a 5.3% rise [3] - Communications, Media & Technology segment revenues are estimated to rise 2.6% to $2.8 billion [4] - Resources segment revenues are projected at $2.4 billion, indicating 1.8% year-over-year growth [4] Geographical Revenue Projections - Revenues from the Americas are expected to increase 4.8% to $8.7 billion [5] - EMEA region revenues are pegged at $6 billion, suggesting a 4.4% rise [5] - Asia Pacific revenues are anticipated to grow 1.9% to $2.4 billion [5] Earnings Prediction - The model predicts an earnings beat for ACN, with an Earnings ESP of +1.22% and a Zacks Rank of 3 (Hold) [6]

Core Insights - Accenture plc is set to release its third-quarter earnings results on June 20, with expected earnings of $3.32 per share, an increase from $3.13 per share in the same period last year [1] - The company anticipates quarterly revenue of $17.3 billion, up from $16.47 billion a year earlier [1] - Accenture announced the acquisition of Japan-based Yumemi to enhance its digital product and service offerings [2] Analyst Ratings - JP Morgan analyst Tien-Tsin Huang maintains an Overweight rating and has raised the price target from $349 to $353 [5] - Morgan Stanley analyst James Faucette holds an Equal-Weight rating and has reduced the price target from $372 to $340 [5] - Barclays analyst Ramsey El-Assal keeps an Overweight rating while lowering the price target from $415 to $390 [5] - Baird analyst David Koning maintains an Outperform rating and has cut the price target from $390 to $372 [5] - BMO Capital analyst Keith Bachman holds a Market Perform rating and has decreased the price target from $425 to $370 [5]

Core Viewpoint - Accenture (ACN) is expected to report quarterly earnings of $3.29 per share, a 5.1% increase year-over-year, with revenues projected at $17.21 billion, reflecting a 4.5% year-over-year growth [1]. Earnings Estimates - The consensus EPS estimate has been revised 1.3% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Estimates - Analysts forecast 'Revenue- Type of Work- Consulting' at $8.63 billion, a 2.1% increase from the prior year [5]. - 'Revenue- Type of Work- Managed Services' is expected to reach $8.56 billion, reflecting a 6.9% increase year-over-year [5]. - 'Revenue- Industry Groups- Product' is projected at $5.19 billion, indicating a 4.2% year-over-year change [5]. - 'Revenue- Industry Groups- Health & Public Service' is likely to reach $3.76 billion, a 6.9% increase year-over-year [6]. - 'Revenue- Industry Groups- Financial Services' is estimated at $2.94 billion, reflecting a 1.5% year-over-year change [6]. - 'Revenue- Industry Groups- Communications, Media & Technology' is forecasted at $2.82 billion, indicating a 2% year-over-year change [6]. - 'Geographic Revenue- Americas' is estimated at $8.75 billion, a significant 11.7% increase from the prior year [7]. - 'Geographic Revenue- Asia Pacific' is expected to decline to $2.22 billion, a 22.3% decrease year-over-year [7]. - 'Geographic Revenue- EMEA' is projected at $6.12 billion, reflecting a 6% year-over-year increase [7]. New Bookings Estimates - The average prediction for 'New Bookings - Total' is $21.44 billion, compared to $21.06 billion in the same quarter last year [8]. - 'New Bookings - Managed Services' is expected to reach $11.92 billion, up from $11.78 billion year-over-year [8]. - 'New Bookings - Consulting' is projected at $9.52 billion, an increase from $9.28 billion in the previous year [9]. Stock Performance - Over the past month, Accenture shares have recorded a return of -1.9%, while the Zacks S&P 500 composite has seen a +1.7% change [9]. - Based on its Zacks Rank 3 (Hold), Accenture is expected to perform in line with the overall market in the upcoming period [10].