Accenture(ACN)

Search documents
Compared to Estimates, Accenture (ACN) Q1 Earnings: A Look at Key Metrics
ZACKS· 2024-12-19 15:30
For the quarter ended November 2024, Accenture (ACN) reported revenue of $17.69 billion, up 9% over the same period last year. EPS came in at $3.59, compared to $3.27 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $17.16 billion, representing a surprise of +3.08%. The company delivered an EPS surprise of +6.21%, with the consensus EPS estimate being $3.38.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...
Accenture Q1 Earnings: Revenue And EPS Beat Bolstered By Consulting And Managed Services, Raises Annual Revenue Outlook
Benzinga· 2024-12-19 14:11
On Thursday, Accenture Plc ACN reported first-quarter fiscal 2025 sales of $17.69 billion compared with the analyst consensus estimate of $17.12 billion, up 9% year-over-year in U.S. dollars and 5% in local currency. Revenues were approximately $240 million above the top end of the company's guided range of $16.85 billion to $17.45 billion. The adjusted EPS of $3.59 topped the analyst consensus estimate of $3.39.Also Read: Accenture Lands $1.6B US Air Force Deal To Elevate Cloud One: DetailsConsulting reven ...
Accenture (ACN) Q1 Earnings and Revenues Surpass Estimates
ZACKS· 2024-12-19 13:50
Accenture (ACN) came out with quarterly earnings of $3.59 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $3.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.21%. A quarter ago, it was expected that this consulting company would post earnings of $2.77 per share when it actually produced earnings of $2.79, delivering a surprise of 0.72%.Over the last four quarters, the compan ...
Accenture(ACN) - 2025 Q1 - Quarterly Report
2024-12-19 11:48
Financial Performance - Revenues for Q1 fiscal 2025 were $17.7 billion, a 9% increase in U.S. dollars and 8% in local currency compared to Q1 fiscal 2024[47] - New bookings reached $18.7 billion, reflecting a 1% increase in both U.S. dollars and local currency[47] - Operating margin improved to 16.7%, up from 15.8% in Q1 fiscal 2024[47] - Diluted earnings per share increased by 16% to $3.59, compared to $3.10 in Q1 fiscal 2024[47] - Revenues for the first quarter of fiscal 2025 were $17.69 billion, a 9% increase from $16.22 billion in the first quarter of fiscal 2024[55] - Operating income for the first quarter of fiscal 2025 increased by $384 million, or 15%, reaching $2,948 million, with an operating margin of 16.7% compared to 15.8% in the prior year[57] - Operating income for the Americas increased to $1,377 million, with an operating margin of 16% for Q1 fiscal 2025, compared to $1,293 million and 16.7% in Q1 fiscal 2024[58] - Interest income decreased by $26 million, or 25%, to $76 million in Q1 fiscal 2025, primarily due to lower interest rates and a reduced average cash balance[58] - Diluted earnings per share rose to $3.59 in Q1 fiscal 2025, up from $3.10 in Q1 fiscal 2024, driven by higher revenue and lower effective tax rates[60] Shareholder Returns - Cash returned to shareholders totaled $1.8 billion, including $926 million in dividends and $898 million in share repurchases[47] - The company plans to continue using a significant portion of cash generated from operations for share repurchases during the remainder of fiscal 2025[62] Revenue Growth by Segment - Consulting revenues grew by 7% in U.S. dollars and 6% in local currency, driven by strong demand for technology and AI-led transformations[49] - Managed services revenues increased by 11% in both U.S. dollars and local currency, supported by demand for application modernization and cloud services[49] - Americas revenues increased by 11% in local currency, driven by growth in Industrial, Software & Platforms, Banking & Capital Markets, and Consumer Goods, Retail & Travel Services[53] - EMEA revenues increased by 6% in local currency, led by growth in Public Service and Life Sciences, with total revenues of $6,412 million[55] - Asia Pacific revenues increased by 4% in local currency, totaling $2,544 million, driven by growth in Utilities and Health[55] Workforce and Attrition - The workforce expanded to approximately 799,000, up from 743,000 a year earlier, reflecting increased demand for services[49] - Annualized voluntary attrition rose to 12%, compared to 11% in the same quarter last year[49] Operating Expenses - Operating expenses for the first quarter of fiscal 2025 increased by $1,082 million, or 8%, totaling $14,741 million, while decreasing as a percentage of revenues to 83.3% from 84.2%[56] - Cost of services increased by $1,090 million, or 10%, totaling $11,867 million, with a gross margin decrease to 32.9% from 33.6%[56] - Sales and marketing expenses rose by $101 million, or 6%, totaling $1,811 million, while decreasing as a percentage of revenues to 10.2%[56] Cash Flow and Liquidity - Cash and cash equivalents increased to $8.3 billion as of November 30, 2024, compared to $5.0 billion as of August 31, 2024[60] - Operating cash flows increased by $524 million to $1,022 million in Q1 fiscal 2025, attributed to higher net income and changes in operating assets and liabilities[61] - The company reported a net increase in cash and cash equivalents of $3,302 million for Q1 fiscal 2025, compared to a decrease of $1,904 million in Q1 fiscal 2024[61] - Long-term debt as of November 30, 2024, amounted to $5 billion, with maturities ranging from 2027 to 2034[62] Taxation - The effective tax rate for Q1 fiscal 2025 was 21.6%, down from 23.2% in Q1 fiscal 2024, primarily due to higher benefits from adjustments to prior year tax liabilities[58] - Business optimization costs of $140 million in Q1 fiscal 2024 had an immaterial impact on the adjusted effective tax rate[58] Business Optimization - The company initiated business optimization actions, recording $1.5 billion related to employee severance costs, which have been completed as of August 31, 2024[56]
Accenture(ACN) - 2025 Q1 - Quarterly Results
2024-12-19 11:46
Revenue Growth and Performance - Q1 FY25 revenues reached $17.7 billion, a 9% increase in USD and 8% in local currency, with consulting revenues at $9.0 billion and managed services revenues at $8.6 billion[1][3][7] - Full-year FY25 revenue growth outlook raised to 4%-7% in local currency, with a revised foreign exchange impact of -0.5%[2][25] - Accenture's revenues for Q1 2025 increased by 9% to $17.69 billion compared to $16.22 billion in Q1 2024[38] - Americas market revenues grew 9% in USD and 11% in local currency to $8.73 billion, while EMEA revenues increased 10% in USD and 6% in local currency to $6.41 billion[15][16] - Health & Public Service revenues grew 13% in USD and 12% in local currency to $3.81 billion, while Products revenues increased 12% in USD and 10% in local currency to $5.43 billion[18] - Americas region revenues increased by 9% to $8.73 billion, with operating income up 6.5% to $1.38 billion[39][40] - EMEA region revenues grew by 10% to $6.41 billion, with operating income surging by 25.8% to $1.04 billion[39][40] - Asia Pacific region revenues increased by 6% to $2.54 billion, with operating income up 19.4% to $535 million[39][40] - Health & Public Service industry group saw the highest revenue growth at 13%, reaching $3.81 billion[39] - Managed Services revenues grew by 11% to $8.64 billion, outpacing Consulting revenues which increased by 7% to $9.05 billion[39] Earnings and Profitability - GAAP operating margin improved to 16.7%, up 90 basis points, with GAAP EPS of $3.59, a 16% increase[1][4][6] - GAAP diluted EPS for FY25 is now expected to be in the range of $12.43 to $12.79, reflecting increased revenue outlook[2][27] - Operating income rose by 16.7% to $2.95 billion, with an operating margin of 16.7%, up from 15.8% in the previous year[38] - Net income attributable to Accenture plc grew by 15.5% to $2.28 billion, with a net income margin of 12.9%, up from 12.2% in Q1 2024[38] - Operating income for the three months ended November 30, 2024, was $2,948,477, compared to $2,564,887 for the same period in 2023, reflecting a 15% increase[42] - Operating margin improved to 16.7% for the three months ended November 30, 2024, up from 15.8% in the same period in 2023[42] - Net income for the three months ended November 30, 2024, was $2,316,190, compared to $2,009,981 for the same period in 2023, a 15.2% increase[42] - Diluted earnings per share for the three months ended November 30, 2024, were $3.59, up from $3.10 in the same period in 2023[42] - Adjusted operating income (non-GAAP) for Q1 2025 was $2.95 billion, representing a 16.7% margin, consistent with GAAP operating income[41] Cash Flow and Financial Position - Q1 FY25 operating cash flow was $1.02 billion, with free cash flow of $870 million, up from $430 million in the same period last year[13] - Total cash balance at November 30, 2024, was $8.3 billion, compared to $5.0 billion at August 31, 2024[14] - Cash and cash equivalents increased to $8,306,055 as of November 30, 2024, from $5,004,469 as of August 31, 2024[43] - Total assets increased to $59,868,070 as of November 30, 2024, from $55,932,363 as of August 31, 2024[43] - Net cash provided by operating activities for the three months ended November 30, 2024, was $1,022,486, compared to $498,551 for the same period in 2023[44] - Net cash used in investing activities for the three months ended November 30, 2024, was $385,524, compared to $855,430 for the same period in 2023[44] - Net cash provided by financing activities for the three months ended November 30, 2024, was $2,751,748, compared to a net cash used of $1,551,913 for the same period in 2023[44] Bookings and Business Segments - New bookings totaled $18.7 billion, a 1% increase in both USD and local currency, including $1.2 billion in generative AI bookings[1][3][6] - Consulting new bookings were $9.22 billion (49% of total), while managed services new bookings were $9.48 billion (51% of total)[15] Costs and Optimization - Business optimization costs in Q1 2024 were $139.66 million, which were excluded from non-GAAP operating income calculations[41] - The company recorded $139,664 in costs related to business optimization initiatives, primarily for employee severance, during the three months ended November 30, 2023[42]
Accenture Q1 Preview: Expect To Hear More On AI Efforts And M&A
Seeking Alpha· 2024-12-16 20:25
Accenture plc (NYSE: ACN ) is about to announce Q1 ’25 earnings on December 19 before the market opens, so I thought I’d go through what to expect in terms of numbers, what I am looking for to be announced, and how management is lookingMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options f ...
What Analysts Think of Accenture Stock Ahead of Earnings
Investopedia· 2024-12-16 19:50
Key TakeawaysAccenture is expected to report first-quarter fiscal 2025 results before the opening bell Thursday.Analysts expect revenue and net income to have climbed year-over-year.Last quarter, new generative AI bookings reached $1 billion. Accenture (ACN) will report first-quarter fiscal 2025 earnings before the opening bell Thursday, and analysts see room for growth ahead of the results. Of the 13 brokers covering the stock tracked by Visible Alpha, nine have a "buy" or equivalent rating, compared to fo ...
Accenture Set to Report Q1 Earnings: Here's What You Should Know
ZACKS· 2024-12-16 16:25
Accenture plc (ACN) is scheduled to release first-quarter fiscal 2025 results on Dec. 19, 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 2.2%.Accenture’s Q1 ExpectationsThe Zacks Consensus Estimate for the top line is pegged at $17.2 billion, indicating a 5.9% rise from that reported in the first quarter of fiscal 2024. The top line is likely to have benefited from the rise in revenues a ...
What's Going on With Accenture Stock?
The Motley Fool· 2024-12-16 15:29
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Accenture Plc. The Motley Fool recommends the following options: long January 2025 $290 calls on Accenture Plc and short January 2025 $310 calls on Accenture Plc. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that suppo ...
Accenture (ACN) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
ZACKS· 2024-12-16 15:16
Analysts on Wall Street project that Accenture (ACN) will announce quarterly earnings of $3.38 per share in its forthcoming report, representing an increase of 3.4% year over year. Revenues are projected to reach $17.18 billion, increasing 5.9% from the same quarter last year.The consensus EPS estimate for the quarter has undergone a downward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates ...