Jun. 20 at 9:00 PM
Accenture (
$ACN) Q3 2024 Earnings Recap 🧠✨
Accenture reported mixed results for Q3 2024, beating earnings expectations but slightly missing on revenue. The company also lowered its revenue growth outlook for FY25 due to ongoing macro uncertainty. However, strong momentum in AI services was a bright spot.
Q3 2024 Highlights 📊
Revenue:
$17.70B (vs.
$17.73B expected), down 0.6% year-over-year ❗
EPS:
$3.49 (vs.
$3.32 expected) ✅
Operating Margin: 16.8% ⚙️
Free Cash Flow:
$3.5B 💰
New Bookings:
$19.7B, down 7% YoY 📉
Consulting:
$9.08B
Managed Services:
$10.62B
Generative AI bookings:
$1.5B 🧠
Outlook & Guidance 🔮
FY25 EPS:
$12.77 -
$12.89 (above estimates) ✅
FY25 Free Cash Flow:
$9.0B -
$9.7B 💵
FY25 Revenue Growth: 6%-7% in local currency (narrowed from 5%-8%) 📉
Q4 Revenue Guidance:
$17.0B -
$17.6B (vs.
$17.06B expected)
While bookings were slightly weaker, Accenture’s strong earnings beat and solid progress in AI could support its long-term growth.
