
Accenture reported robust fourth-quarter and full-year fiscal 2024 results, surpassing earnings and revenue estimates. The company posted Q4 revenue of $16.41 billion, up 3% year-over-year, and adjusted EPS of $2.79, beating estimates of $16.39 billion and $2.78, respectively. Accenture's new bookings reached $20.1 billion for the quarter, with generative AI contributing $1 billion. The company also announced a 15% increase in its quarterly dividend to $1.48 per share and approved an additional $4 billion in share buybacks. Net profit for Q4 rose 22.6% to $1.68 billion. Accenture's headcount grew by over 24,000 in Q4FY24. The company reported an operating margin of 14.3%, up 230 basis points. For fiscal 2025, Accenture forecasts revenue growth between 3% and 6%, driven by improvements in the macroeconomic environment and increased demand for AI solutions.










#IT Stocks: In focus after Accenture reported results with revenue up 3% in US dollar terms and 5% in local currency terms. The company also announced a share buyback. For FY25 Accenture expects revenue growth between 3% and 6% in local currency terms.
Accenture plc $ACN Q4 2024 EARNINGS CALL SUMMARY https://t.co/fQJlZD8Dsv
Global professional services company Accenture reported $64.9 billion in revenue for its fiscal year, ending Aug. 31, up 1% year-over-year, and its tech-powered creative group, Accenture Song, chipped in $19 billion of that total (up 7%), largely driven by its push into gen AI.…