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Aug 31, 2023
Accenture Q4 2023 Earnings Report
Accenture reported a 4% increase in revenues and adjusted EPS increased by 4%.
Key Takeaways
Accenture's Q4 2023 revenues reached $16.0 billion, a 4% increase year-over-year. Adjusted EPS grew by 4% to $2.71. The company's new bookings were $16.6 billion. Looking ahead, Accenture anticipates revenue growth of 2% to 5% in local currency for fiscal year 2024.
Revenues for the fourth quarter were $16.0 billion, an increase of 4% in both U.S. dollars and local currency.
GAAP EPS were $2.15, compared to $2.60 in the fourth quarter of fiscal 2022; adjusted EPS were $2.71, a 4% increase.
New bookings were $16.6 billion for the quarter.
Free cash flow was $3.2 billion for the quarter.
Forward Guidance
Accenture expects revenue growth of 2% to 5% in local currency for fiscal year 2024. GAAP diluted EPS is expected to be $11.41 to $11.76, and adjusted EPS is expected to be $11.97 to $12.32.
Positive Outlook
- Revenue growth of 2% to 5% in local currency
- GAAP operating margin to be in the range of 14.8% to 15.0%
- Adjusted operating margin to be in the range of 15.5% to 15.7%
- GAAP diluted EPS to be in the range of $11.41 to $11.76
- Adjusted EPS to be in the range of $11.97 to $12.32
Historical Earnings Impact
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Avg. Return Before/After Earnings
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