New Delhi: American consulting giant Accenture reported a 24 per cent jump in earnings per quarter to $2.66 in Q4FY24, as its revenue rose 3 per cent in dollar terms to $16.4 billion. Accenture announced a dividend of $1.48 per share apart from a share buyback of $4 billion. Accenture’s Fy24 sales rose 3 per cent in US dollar terms to $16.41 billion compared to analysts’ estimates of $16.39 billion.
The company’s bookings in FY24 rose to $81 billion. It inked nearly 125 client deals worth over $100 million. Accenture received generative AI projects worth $3 billion and 310 major clients, said Accenture CEO Jule Sweet. The IT giant, based in Dublin, Ireland, gave FY25 revenue guidance of $16.85-17.45 billion, up 2-6 per cent in local currency terms. Accenture expects EPS to rise by 10-13 per cent to $12.55-12.91 in 2025.
Accenture share price
Accenture’s share price closed 0.76 per cent lower on Wednesday at $337.05 apiece. The company’s stock price rose 0.28 per cent in the past 5 days. The stock has risen 9.71 per cent in the past 3 months. Accenture’s share price slipped 0.13 per cent in the past 6 months.
In the past year, the company’s share price rose 6.63 per cent. Pre-market projections indicate a 5.92 per cent surge to $357 apiece, according to NYSE data. The company’s stock closed at $339.62 apiece on Tuesday. Accenture’s market cap stood at $211.123 billion as of Wednesday.
Is IT sector recovery on the cards? How will Indian IT stock perform?
To be sure, IT sector growth is expected to remain slower than expected in the upcoming quarters, Morgan Stanley said in a report. Indian IT bellwether TCS also exercised caution on forecasts for the coming quarters saying that it was “too early” to make such a forecast, Reuters reported.
Morgan Stanley raised concerns about the shift in Accenture’s primary promotion date to June from December, stating that it raised concerns regarding recovery in the near term, Reuters reported. Indian IT stocks may open in green on Friday.
What is Accenture known for?
IT and consulting giant Accenture offers a diverse range of services across 5 domains such as:
S. No.
Domains
1
Strategy
2
Management
3
Digital
4
Technology
5
Operations
Accenture’s stock is considered a bellwether for IT companies in India. Accenture is led by American executive Julie Terese Sweet.
Accenture reported a 24 per cent jump in earnings per share to $2.66 in FY25 and gave a positive guidance for FY25 EPS. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
