AI English summary of an SEC filing — figures as filed
Accenture ACNAccenture said it reported new bookings of $21.1 billion for the third quarter of fiscal 2024, which ended on May 31, up 22% in U.S. dollars and 26% in local currency, and revenues of $16.5 billion, down 1% in U.S. dollars and up 1.4% in local currency.
Key points
AI summaryAccenture said it reported new bookings of $21.1 billion for the third quarter of fiscal 2024, which ended on May 31, up 22% in U.S. dollars and 26% in local currency, and revenues of $16.5 billion, down 1% in U.S. dollars and up 1.4% in local currency.
The company reported a GAAP operating margin of 16.0% for Q3, compared with 14.2% a year earlier, and an adjusted operating margin of 16.4%, compared with 16.3%. GAAP diluted earnings per share fell 3% to $3.04, and adjusted earnings per share fell 2% to $3.13.
Accenture said it reported free cash flow of $3.02 billion for Q3, calculated as operating cash flow of $3.14 billion less property and equipment additions of $124 million. The company said it repurchased or redeemed 4.3 million shares for a total of $1.4 billion in the same quarter, and that its remaining share repurchase authority was approximately $3.3 billion.
Accenture updated its outlook for fiscal 2024, now expecting full-year revenue growth of 1.5% to 2.5% in local currency, compared with 1% to 3% previously, and adjusted earnings per share of $11.85 to $12.00, compared with $11.97 to $12.20 previously. It kept its free cash flow outlook of $8.7 billion to $9.3 billion.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Fiscal 2024 third-quarter bookings and revenue
Accenture said it reported new bookings of $21.1 billion for the third quarter of fiscal 2024, which ended on May 31, up 22% in U.S. dollars and 26% in local currency, and revenues of $16.5 billion, down 1% in U.S. dollars and up 1.4% in local currency.
Source · Based on the filing body and exhibits
Q3 operating margin and earnings per share
The company reported a GAAP operating margin of 16.0% for Q3, compared with 14.2% a year earlier, and an adjusted operating margin of 16.4%, compared with 16.3%. GAAP diluted earnings per share fell 3% to $3.04, and adjusted earnings per share fell 2% to $3.13.
Source · Based on the filing body and exhibits
Q3 cash flow and shareholder returns
Accenture said it reported free cash flow of $3.02 billion for Q3, calculated as operating cash flow of $3.14 billion less property and equipment additions of $124 million. The company said it repurchased or redeemed 4.3 million shares for a total of $1.4 billion in the same quarter, and that its remaining share repurchase authority was approximately $3.3 billion.
Source · Based on the filing body and exhibits
Fiscal 2024 full-year outlook revised
Accenture updated its outlook for fiscal 2024, now expecting full-year revenue growth of 1.5% to 2.5% in local currency, compared with 1% to 3% previously, and adjusted earnings per share of $11.85 to $12.00, compared with $11.97 to $12.20 previously. It kept its free cash flow outlook of $8.7 billion to $9.3 billion.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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