Accenture 1Q Profit, Revenue Rise
December 19 2023 - 7:35AM
Dow Jones News
By Adriano Marchese
Accenture reported better-than-expected profit and revenue in
its first quarter of fiscal 2024.
The professional services company posted net income of $1.97
billion, or $3.10 a share, compared with $1.96, or $3.08 a share,
in the same quarter a year ago.
Adjusted earnings were $3.27 a share. According to FactSet,
analysts were expecting $3.14 a share.
Revenues 3% rose to $16.2 billion, just above analyst
expectations of $16.17 billion. Accenture expected foreign exchange
to have a bigger positive effect in the quarter, which came in at
1.5% compared with 2.5%, which it previously expected.
New bookings for the quarter were $18.45 billion, comprised of
consulting bookings of $8.6 billion and managed services bookings
of $9.8 billion.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
December 19, 2023 07:20 ET (12:20 GMT)
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