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].

Group 1 - The company, Accenture, exceeded fourth-quarter revenue estimates [1] - Accenture announced a six-month restructuring plan worth $865 million to realign its workforce and operations [1] - The restructuring aims to address the rising demand for digital and AI services [1]

Core Insights - Accenture reported strong financial results for fiscal year 2025, with revenues, adjusted EPS, and free cash flow exceeding expectations, driven by early investments in AI [1][3]. Financial Performance - Fourth quarter revenues reached $17.6 billion, marking a 7% increase in U.S. dollars and a 4.5% increase in local currency compared to the previous year [7]. - Full year revenues totaled $69.7 billion, an increase of $4.8 billion or 7% in both U.S. dollars and local currency [7]. - Fourth quarter GAAP diluted EPS was $2.25, a 15% decrease, while adjusted EPS was $3.03, a 9% increase [7]. - Full year GAAP diluted EPS increased by 6% to $12.15, and adjusted EPS rose by 8% to $12.93 [7]. - Free cash flow for the fourth quarter was $3.8 billion, and for the full year, it was $10.9 billion [7]. Business Outlook - The company anticipates full-year revenue growth of 2% to 5% in local currency, with an expected growth of 3% to 6% when excluding a 1% to 1.5% impact from its U.S. federal business [7]. - Expected full-year GAAP diluted EPS is projected to be between $13.19 and $13.57, reflecting a 9% to 12% increase, while adjusted EPS is expected to be between $13.52 and $13.90, indicating a 5% to 8% increase [7]. - Accenture plans to return at least $9.3 billion in cash to shareholders in fiscal year 2026 [7]. Strategic Focus - The company emphasizes its role in helping clients reinvent their operations through AI, digital transformation, and process reimagination [3]. - Accenture's leadership attributes the strong results to the unique talents of its workforce and its proprietary tools, which enhance client value delivery [3]. New Business Developments - Accenture secured new bookings of $21.3 billion for the quarter and $80.6 billion for the year, with generative AI new bookings amounting to $1.8 billion for the quarter and $5.9 billion for the year [7].

Group 1 - Costco Wholesale Corporation is expected to report quarterly earnings of $5.80 per share on revenue of $86.11 billion after the market closes [2] - Stitch Fix Inc reported better-than-expected fourth-quarter earnings and provided FY2026 guidance above estimates, but its shares fell 6.6% to $5.27 in after-hours trading [2] - Accenture Plc is anticipated to post earnings of $2.96 per share on revenue of $17.36 billion for the latest quarter, with earnings released before market opening [2] - PepGen Inc announced the launch of an underwritten public offering of common stock and pre-funded warrants, resulting in a 119.6% increase in its shares to $5.84 in after-hours trading [2] - Jabil Inc is expected to report quarterly earnings of $2.92 per share on revenue of $7.59 billion before the market opens, with shares gaining 0.5% to $226.39 in after-hours trading [2]

格隆汇9月25日｜瑞银将埃森哲的目标价从363美元下调至315美元，仍维持"买入"评级。(格隆汇) ...

Core Viewpoint - Accenture plc is recognized as a leading AI stock, with a maintained Outperform rating despite a slight reduction in the price target to $285.00 from $290.00, reflecting confidence in its digital franchise and growth potential in AI and cloud services [1][3]. Group 1: Company Performance and Outlook - Wolfe Research analyst Darrin Peller believes Accenture has a "best-in-class" digital franchise, supported by its cloud, security, and industry-focused offerings [1]. - The company's end-to-end capabilities and consulting expertise are expected to drive market share gains as enterprises increasingly adopt generative AI [2][3]. - Accenture's price target for year-end 2026 is set at $285, based on approximately 19 times the estimated earnings per share (EPS) of $15.03 for calendar year 2027 [3]. Group 2: Investment Drivers - Accenture's investments in AI and cloud services are anticipated to align with the growing demand for digital transformations, positioning the company favorably in the market [1][3]. - The firm expects improving discretionary demand in 2026 could lead to upside potential against consensus estimates [3]. - Accenture's strong consulting presence and unique domain expertise are seen as key factors for gaining market share in the generative AI space [2][3]. Group 3: Risks and Challenges - Despite the positive outlook, there are risks associated with tariffs and implications related to DOGE that could impact performance [2][3].

Group 1 - Accenture plc is a global professional services company based in Dublin, specializing in consulting, technology, and outsourcing services, with a price target of $315 set by UBS, indicating a potential increase of 32.43% from its current price of $237.87 [1][6] - The company is expected to release its fourth-quarter earnings on September 25, with analysts forecasting earnings of $2.96 per share and revenue of $17.35 billion, reflecting strong performance and strategic initiatives [2][6] - Accenture's planned acquisition of the French advisory firm Orlade Group aims to enhance its management capabilities for large capital projects, strengthening its position in sectors like nuclear energy, transportation, defense, and space [3][6] Group 2 - Recently, Accenture's stock price saw a slight increase, closing at $239.99, with a market capitalization of approximately $148.24 billion [4] - The trading volume for Accenture on the NYSE is 1,128,211 shares, indicating investor interest possibly driven by the upcoming earnings report and strategic acquisitions [5]

Core Insights - Accenture plc has a market capitalization of $147.5 billion and operates in various sectors, including technology, consulting, and operations, with a focus on innovation through partnerships like that with Kyoto University on human-centered AI [1] Financial Performance - Accenture is expected to announce its fiscal Q4 2025 earnings on September 25, with analysts predicting an EPS of $2.98, reflecting a 6.8% increase from $2.79 in the same quarter last year [2] - For fiscal 2025, the anticipated EPS is $12.88, which represents a 7.8% growth from $11.95 in fiscal 2024 [3] Stock Performance - Over the past 52 weeks, Accenture's shares have decreased by 30.2%, underperforming compared to the S&P 500 Index's increase of 15.6% and the Technology Select Sector SPDR Fund's surge of 23.8% [4] - On June 20, shares fell by 6.9% despite reporting Q3 2025 earnings of $3.49 per share and revenues of $17.7 billion, with bookings down 6% year-over-year to $19.7 billion [5] Analyst Ratings - The consensus rating for Accenture stock is "Moderate Buy," with 13 out of 23 analysts recommending a "Strong Buy," one a "Moderate Buy," and nine suggesting "Holds" [6] - The average analyst price target for Accenture is $316.09, indicating a potential upside of 32.6% from current levels [6]

Core Viewpoint - Accenture plc is maintaining a strong position in the consulting industry, with positive earnings expectations and a strategic acquisition aimed at enhancing its capabilities in large capital projects [1][2][3][5]. Group 1: Financial Performance - Accenture is expected to report fourth-quarter earnings of $2.96 per share, an increase from $2.66 per share in the same period last year [2]. - The anticipated quarterly revenue is $17.35 billion, up from $16.41 billion a year ago, indicating strong performance and strategic initiatives [2]. Group 2: Stock Performance - On September 24, 2025, UBS maintained a "Buy" rating for Accenture, adjusting the price target from $363 to $315, with the stock price at $235.50 [1][5]. - Accenture's shares experienced a slight increase of 0.1%, closing at $239.99, but reflected a decrease of 1.87% or $4.49 from the previous day [4]. Group 3: Strategic Initiatives - Accenture plans to acquire the French advisory firm Orlade Group to enhance its management capabilities for large capital projects, particularly in sectors like nuclear energy, transportation, defense, and space [3][5].

Core Viewpoint - Accenture plc is a leading global professional services company facing challenges in the current market, but recent analyst upgrades suggest potential for recovery and growth in the future [2][4][6]. Group 1: Company Overview - Accenture offers a diverse range of services including strategy and consulting, technology and operations, and interactive services, with expertise in application services, data management, digital transformation, and cybersecurity [1]. - The company competes with major firms such as IBM and Deloitte in the professional services industry [1]. Group 2: Stock Performance and Analyst Insights - The consensus price target for Accenture's stock has declined from $363.11 a year ago to $282 last month, reflecting changing market conditions or company performance [2]. - Despite the decline, Wedbush analyst Moshe Katri recently set a price target of $350, indicating renewed confidence in Accenture's potential [2][6]. - Accenture's share price has dropped by 25%, yet it is considered fairly valued with limited potential for significant gains unless AI-driven growth accelerates [3]. Group 3: Earnings Expectations and Guidance - Accenture is preparing to announce its fourth-quarter earnings results, with expectations of modest year-over-year growth but a decline in sales compared to the previous quarter [3][6]. - The company has reported increasing AI bookings, but these are not sufficient to offset weaknesses in new bookings and challenges with federal contracts [3]. - Management has provided guidance for continued revenue and earnings growth, supported by record-high free cash flow per share and rising earnings per share (EPS) [5]. Group 4: Industry Outlook - The tech sector is projected to maintain growth, with total earnings expected to rise by 11.8% and revenues by 12.5% in the third quarter of 2025, reflecting the sector's strength [4]. - The recent upgrade to a "Buy" rating by Wedbush suggests that market pessimism regarding Accenture may be overdone, given the company's strong fundamentals and accelerating revenue growth [4].