Accenture(ACN) - 2025 Q3 - Quarterly Results

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].