Market Overview - U.S. stocks traded mostly higher, with the Dow Jones gaining over 50 points, up 0.17% to 38,898.96, NASDAQ rose 0.01% to 17,864.13, and S&P 500 gained 0.09% to 5,491.81 [1] Company Performance - Accenture Plc shares gained around 7% after reporting third-quarter fiscal 2024 results, with sales of $16.47 billion, slightly below analyst consensus of $16.55 billion, down 1% year-over-year in U.S. dollars but up 1.4% in local currency [2] - MGO Global, Inc. shares surged 154% to $1.1672 after announcing the expected acquisition of Spetner Associates, projecting annualized revenue to increase to approximately $28 million [2] - Zapp Electric Vehicles Group Limited shares rose 147% to $3.42, anticipating first customer deliveries of the i300 in Q4 and projecting over 5,000 unit sales for the fiscal year ending September 30, 2025 [2] - Femasys Inc. shares increased by 23% to $1.17 after receiving CE Mark approval from the EU MDR for its products [2] Declining Stocks - Tempest Therapeutics, Inc. shares dropped 27% to $2.0847 following new data from a Phase 1b/2 clinical study [3] - Trevena, Inc. shares fell 37% to $0.226 after announcing preclinical data for TRV045 [3] - Sonnet BioTherapeutics Holdings, Inc. shares decreased by 29% to $1.10 after announcing the exercise of warrants for gross proceeds of $3.4 million [3] Commodities - Oil prices increased by 0.9% to $82.34, while gold rose by 1.1% to $2,371.90 [4] - Silver traded up 3.8% to $30.69, and copper rose 1.9% to $4.5755 [5] European Market - European shares were higher, with the eurozone's STOXX 600 gaining 0.67%, Germany's DAX up 0.73%, and France's CAC 40 rising 1.14% [5] - The Bank of England held the Bank Rate at 5.25% [5] - Passenger car registrations in the EU fell 3.0% year-over-year to 911.7 thousand units in May [5] Asia Pacific Markets - Asian markets closed mixed, with Japan's Nikkei gaining 0.16% and Hong Kong's Hang Seng Index declining 0.52% [6] - The People's Bank of China maintained key lending rates [6] - Hong Kong's unemployment rate remained unchanged at 3% [6] Economic Indicators - The U.S. current account deficit rose by $15.8 billion to $237.6 billion in Q1, exceeding market estimates [7] - The Philadelphia Fed Manufacturing Index fell to 1.3 in June, missing expectations [7] - U.S. initial jobless claims decreased by 5,000 to 238,000, slightly above market estimates [7] - Housing starts declined by 5.5% to an annualized rate of 1.277 million in May [7]

Financial Data and Key Metrics Changes - Revenues for Q3 were $16.5 billion, reflecting a 1% decline in US dollars but a 1.4% increase in local currency, slightly above the midpoint of FX adjusted guidance range [23] - Adjusted operating income was $2.7 billion, with an adjusted operating margin of 16.4%, an increase of 10 basis points from the same quarter last year [26] - Free cash flow for the quarter was $3 billion, resulting from cash generated by operating activities of $3.1 billion [26] Business Line Data and Key Metrics Changes - New bookings were $21.1 billion for the quarter, representing 22% growth in US dollars and 26% growth in local currency, with a book-to-bill ratio of 1.3 [22] - Consulting revenues were $8.5 billion, a decline of 3% in US dollars and 1% in local currency, while managed services revenues were $8 billion, up 2% in US dollars and 4% in local currency [23] - Technology services and strategy and consulting grew low single digits, while operations remained flat [23] Market Data and Key Metrics Changes - Revenue growth in North America was 1% in local currency, led by public service, while EMEA revenues declined 2% in local currency [24] - Growth markets saw an 8% increase in revenue in local currency, driven by Argentina and Japan [24] - The company continues to take market share against its closest global publicly traded competitors, with revenues of $16.5 billion for the quarter, up 1.4% in local currency [14] Company Strategy and Development Direction - The company is focused on being the reinvention partner for clients, emphasizing large-scale transformations and leveraging deep industry and functional expertise [10][11] - Investments in GenAI are a key growth area, with over $900 million in new GenAI bookings this quarter, totaling $2 billion in sales year-to-date [12] - The company has completed 35 acquisitions year-to-date, investing $5.2 billion, compared to $2.5 billion for the entire FY 2023 [13] Management's Comments on Operating Environment and Future Outlook - Management noted that client spending has developed differently than expected, with a focus on large-scale transformations that convert to revenue more slowly [9] - The company expects revenues for Q4 to be in the range of $16.05 billion to $16.65 billion, reflecting an estimated 2% to 6% growth in local currency [44] - For the full fiscal year 2024, the company anticipates revenue growth of 1.5% to 2.5% in local currency, with an inorganic contribution approaching 3% [45] Other Important Information - The company has promoted 97,000 employees globally, reflecting its commitment to career development [15] - The company achieved a brand value of $81.9 billion, an 11% increase, ranking 20th on Kantar BrandZ's Top 100 Most Valuable Global Brands list [15] - The company continues to invest in its workforce, with approximately 13 million training hours this quarter [14] Q&A Session Summary Question: Can you elaborate on the stronger growth expected next year? - Management highlighted the focus on large transformation deals and the acceleration of bookings, indicating a unique position to capture growth as spending increases [50][52] Question: What is the strategy around the increase in debt? - Management explained that the increase in debt is part of normal treasury operations, utilizing a credit facility established during the pandemic [64] Question: How much of the managed services bookings is new versus renewals? - Management noted that the managed services bookings include a healthy mix of both new and renewal contracts, driven by larger transformational deals [71] Question: What is enabling growth improvements in the CMT vertical? - Management attributed growth in the CMT vertical to a focus on eliminating technology debt and leveraging new technologies, particularly GenAI [80]

Core Insights - Accenture's third-quarter earnings indicate a strategic positioning for growth in the technology sector despite slight misses in earnings and revenue projections [2][11] - The company's strong performance in generative AI bookings, totaling $900 million for the quarter and $2 billion for the fiscal year, highlights its commitment to this transformative technology [3][4] Financial Performance - For Q3 FY24, Accenture reported adjusted earnings per share (EPS) of $3.13, below the consensus estimate of $3.16, and a revenue of $16.47 billion, slightly missing the anticipated $16.54 billion [2][11] - The company's guidance for the upcoming quarter projects revenue between $16.05 billion and $16.65 billion, which is slightly below the previous consensus estimate of $16.53 billion [6] Strategic Focus - Accenture's emphasis on generative AI aligns with industry trends, as organizations increasingly seek to leverage AI technologies for efficiency and new revenue streams [4][11] - CEO Julie Sweet highlighted strong new bookings of over $21 billion, representing a 22% increase year-over-year, reinforcing the company's strategy to be a leading partner in digital transformation [4] Market Outlook - Analysts maintain a cautiously optimistic view on Accenture's prospects, with a current price target of $360.50, indicating a potential upside of 16% [5] - Despite minor earnings misses, the company's strong focus on AI and impressive bookings suggest potential for long-term value creation [11] Service Segments - Accenture operates through five interconnected service segments: Strategy & Consulting, Technology, Operations, Industry X, and Song, each addressing different client needs [7][8][9] - The Technology segment includes solutions in cloud computing, cybersecurity, data analytics, and AI, while Industry X focuses on Industry 4.0 technologies [8][9] Competitive Edge - Accenture's extensive service portfolio, global presence in over 120 countries, and a workforce of over 750,000 employees enable it to deliver tailored solutions to clients [10] - The company's commitment to innovation and strategic investments in cutting-edge technologies solidify its reputation as a trusted advisor in the professional services sector [10]

Core Insights - Accenture's shares increased following the release of third-quarter results, where revenue fell short of analysts' expectations, but net income exceeded them [1][2] - AI-related bookings showed significant growth, reaching $900 million for the quarter and totaling $2 billion for the fiscal year-to-date [1][3] - The company has adjusted its guidance for the full fiscal year, narrowing revenue growth projections and lowering earnings per share estimates [4] Financial Performance - Accenture reported third-quarter revenue of $16.47 billion, a decrease from $16.56 billion in the same quarter last year and below the expected $16.55 billion [1] - Net income for the quarter was $1.93 billion, or $3.04 per share, down from $2.01 billion and $3.15 per share last year, but above the expected $1.91 billion and $3.01 per share [2] AI and Bookings - The company achieved $900 million in new bookings related to generative AI for the quarter, contributing to a total of $2 billion in AI-related bookings year-to-date [3] - Overall new bookings reached $21.06 billion, reflecting a 22% increase from the previous year, with 44% from consulting services and 56% from managed services [3] Dividend and Share Buyback - Accenture declared a quarterly dividend of $1.29 per share, scheduled for payment on August 15, with a record date of July 11 [4] - The company repurchased $1.4 billion of its own stock during the quarter and has $3.3 billion remaining in its buyback plan [4] Guidance Adjustments - For the fourth quarter, Accenture projected revenue between $16.05 billion and $16.65 billion, compared to analyst estimates of $16.54 billion [4] - The full-year revenue growth guidance was adjusted to a range of 1.5% to 2.5%, narrowed from 1% to 3%, and diluted earnings per share guidance was lowered to $11.29 to $11.44 from $11.41 to $11.64 [4]

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]