ACN

Accenture Updates FY25 Business Outlook; Raises Revenue Guidance - Update

(RTTNews) - (Adds Outlook)

Accenture (ACN) said, for fiscal 2025, the company increased revenue growth guidance to be in the range of 4% to 7% in local currency, compared to 3% to 6% previously. The company now expects GAAP EPS for fiscal 2025 to be in the range of $12.43 to $12.79, compared to $12.55 to $12.91 previously. The company continues to expect to return at least $8.3 billion in cash to shareholders through dividends and share repurchases.

Accenture expects revenues for the second quarter to be in the range of $16.2 billion to $16.8 billion, or 5% to 9% growth in local currency.

Q1 Results:

First quarter GAAP net income was $2.32 billion, compared with $2.01 billion, prior year. Earnings per share was $3.59, a 16% increase compared to $3.10. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $3.42, for the quarter. Analysts' estimates typically exclude special items.

First quarter revenues were $17.7 billion, an increase of 9% in U.S. dollars and 8% in local currency compared to the first quarter of fiscal 2024. Analysts on average had estimated $17.13 billion in revenue. New bookings for the quarter were $18.7 billion, with consulting bookings of $9.2 billion and managed services bookings of $9.5 billion.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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