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Notable Key Takeaways of Accenture plc (ACN) Financial Quarterly Update

Notable Key Takeaways of Accenture plc (ACN) Financial Quarterly Update
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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%; ....

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