Accenture Reports Strong Third-Quarter Fiscal 2023 Results :

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 to $11.63; and free cash flow of $8.1 billion to $8.6 billion --

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