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Accenture Reports Strong Financial Results for Q4 and Full Fiscal Year 2023

Accenture forecasts first-quarter revenue below estimates as tough economy weighs in

Accenture revenue grows 3% to $16 6 bn reflecting dip in IT spending

Accenture has reported revenue of $16.6 billion (+3 percent) for the third quarter of fiscal 2023, ended May 31, 2023.

Accenture Reports Strong Third-Quarter Fiscal 2023 Results

Revenues are $16.6 billion, an increase of 3% in U.S. dollars and 5% in local currency GAAP operating margin is 14.2% compared to 16.1% in the third quarter of fiscal 2022; adjusted1 operating margin is 16.3%, an expansion of 20 basis points Very strong GAAP EPS of $3.15, a 13% increase compared to $2.79 in the third quarter of fiscal 2022; adjusted EPS of $3.19, a 14% increase New bookings are $17.2 billion, an increase of 2% in U.S. dollars and 4% in local currency Free cash flow is $3.15 billion for the quarter compared to $2.87 billion in the third quarter of fiscal 2022 Company declares quarterly cash dividend of $1.12 per share, an increase of 15% year-over-year Accenture updates business outlook for fiscal 2023, now expects: full-year revenue growth of 8% to 9% in local currency and foreign-exchange impact of negative 4%; GAAP operating margin of 14.2%; adjusted operating margin of 15.4%; GAAP EPS of $10.94 to $11.05; adjusted EPS of $11.52

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