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 ...

Financial Performance - New bookings reached $21.1 billion, a 22% increase in U.S. dollars and 26% in local currency compared to the same quarter last year[1] - Revenues totaled $16.5 billion, reflecting a 1% decrease in U.S. dollars but a 1.4% increase in local currency[1] - Consulting revenues were $8.5 billion, down 3% in U.S. dollars and 1% in local currency, while managed services revenues increased to $8.0 billion, up 2% in U.S. dollars and 4% in local currency[5] - Total revenues for the three months ended May 31, 2024, were $16,466,828, a decrease of 1% compared to $16,564,585 for the same period in 2023[26] - For the nine months ended May 31, 2024, total revenues were $48,490,645, reflecting a 1% increase from $48,126,545 in the prior year[26] Earnings and Margins - GAAP operating margin improved to 16.0%, an increase of 180 basis points year-over-year, with adjusted operating margin at 16.4%, up 10 basis points[1] - GAAP diluted EPS was $3.04, a 3% decrease from the previous year, while adjusted EPS was $3.13, down 2%[4] - Basic earnings per share for the three months ended May 31, 2024, were $3.07, down from $3.18 in the prior year[25] - The adjusted operating income for the three months ended May 31, 2024, was $2,708,285, with an adjusted operating margin of 16.4%[30] - Diluted earnings per share for the three months ended May 31, 2024, was $3.04, a decrease from $3.15 in the same period of 2023[32] Cash Flow and Dividends - Free cash flow for the quarter was $3.02 billion, down from $3.15 billion in the same period last year[8] - The quarterly cash dividend was increased by 15% to $1.29 per share, totaling $811 million in payments[13] - Cash dividends per share increased to $1.29 for the three months ended May 31, 2024, compared to $1.12 in the same period last year[25] - The company reported a net cash provided by operating activities of $3,142,002 for the three months ended May 31, 2024, compared to $3,289,371 for the same period in 2023[35] Acquisitions and Investments - Accenture has made 35 acquisitions year-to-date, deploying $5.2 billion in capital[2] - The company made purchases of businesses and investments totaling $2,329,700 during the three months ended May 31, 2024[35] Income and Expenses - Operating income for the three months ended May 31, 2024, was $2,630,865, representing an increase of 11.5% from $2,359,288 in the same period last year[28] - Net income for the three months ended May 31, 2024, was $1,981,348, or 12.0% of revenues, compared to $2,048,335, or 12.4% of revenues in the same period last year[25] - The company reported a net income of $7,242,179 for the nine months ended May 31, 2024, an increase of 5% from $6,896,969 in the same period last year[30] - Total operating expenses for the three months ended May 31, 2024, were $13,835,963, a decrease from $14,205,297 in the same period last year[25] Tax and Effective Rates - The effective income tax rate for the three months ended May 31, 2024, was 16.1%, compared to 15.9% in the prior year[25] - The effective tax rate for the three months ended May 31, 2024, was 25.4%, slightly up from 22.2% in the same period of 2023[32] Market Performance - North America revenue increased by 1% to $7,834,206, while EMEA revenue decreased by 2% to $5,776,624, and Growth Markets revenue decreased by 4% to $2,855,998[26] - The Health & Public Service segment saw a 10% increase in revenue to $10,226,769 for the nine months ended May 31, 2024[26] - Managed Services revenue increased by 4% to $23,555,936 for the nine months ended May 31, 2024, compared to $22,710,385 in the previous year[28] Risks and Future Outlook - The company expects full-year revenue growth of 1.5% to 2.5% in local currency for fiscal 2024, with a negative foreign-exchange impact of 0.7%[16] - GAAP diluted EPS guidance for fiscal 2024 is projected to be between $11.29 and $11.44, reflecting a 5% to 6% increase over fiscal 2023[17] - The company continues to face risks related to economic conditions, client demand, and competition, which could impact future performance[22] Asset Management - Total current assets decreased to $21,075,418 as of May 31, 2024, from $23,381,931 as of August 31, 2023[33] - Total assets increased to $54,141,319 as of May 31, 2024, compared to $51,245,305 as of August 31, 2023[33] - Total shareholders' equity increased to $28,619,742 as of May 31, 2024, from $26,458,593 as of August 31, 2023[33] - Cash and cash equivalents at the end of the period were $5,537,217, down from $8,535,446 at the end of the same period in 2023[35]

Accenture Plc (NYSE: ACN) is in focus this morning after announcing plans of buying Fibermind – a network services company based out of Palermo, Italy. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The Irish professional services giant completed its acquisition of Parsionate as well on June 6th. Details of Accenture-Fibermind agreementCopy link to sectionAccenture Plc did not disclose what it’s willing to pay for Fibermind on Wednesday. Accenture di ...

Loading...Loading...Accenture plc ACN is set to release third quarter financial results, before the opening bell on Thursday.Analysts expect the Dublin, Ireland-based company to report quarterly earnings at $3.15 per share, down from $3.19 per share in the year-ago period. Accenture is expected to post revenue of $16.54 billion, according to data from Benzinga Pro.On Monday, L3Harris Technologies LHX and Accenture announced a strategic collaboration to accelerate technology reinvention for growth.Accenture ...

Accenture (NYSE: ACN) stock price has nosedived since March as investors focus on the upcoming earnings. It has dived by more than 26% from its highest point this year, meaning that it has moved into a deep bear market. Other IT consulting companies like Infosys and Wipro have also dived.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Accenture earnings aheadCopy link to sectionAccenture, one of the biggest consulting companies in the world, will be i ...

Accenture plc (ACN) is scheduled to release third-quarter fiscal 2024 results on Jun 20, before market open.ACN has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in the trailing four quarters, the average being 4.9%.Q3 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $16.5 billion, suggesting a marginal decline from that reported in third-quarter fiscal 2023. The company’s top line is expected to have been negatively impacted by lower disc ...