AI English summary of an SEC filing — figures as filed
Accenture ACNAccenture said that for Q3 of fiscal 2024, revenues were $16.5 billion, down 1% in U.S. dollars and up 1% in local currency. New bookings were $21.1 billion, up 22% in U.S. dollars and 26% in local currency.
Key points
AI summaryAccenture said that for Q3 of fiscal 2024, revenues were $16.5 billion, down 1% in U.S. dollars and up 1% in local currency. New bookings were $21.1 billion, up 22% in U.S. dollars and 26% in local currency.
The company said its operating margin for Q3 was 16.0%, compared with 14.2% a year earlier. Adjusted operating margin, which excludes business optimization costs of $77 million, was 16.4%, compared with 16.3% a year earlier. Business optimization costs in the year-earlier period were $347 million.
For Q3, Accenture said diluted earnings per share were $3.04, down 3% from $3.15 a year earlier. On an adjusted basis, earnings per share were $3.13, down 2% from $3.19 a year earlier. Cash returned to shareholders totaled $2.2 billion, including share purchases of $1.4 billion and dividends of $811 million.
The company said cash and cash equivalents as of May 31, 2024 fell to $5.5 billion from $9.0 billion as of August 31, 2023. The company cited higher cash used in investing activities for acquisitions over the 9 months, which rose to $4,259 million, and a $373 million decrease in operating cash flow as factors.
Key figures
Quarter ended May 31, 2024
- Revenue
- $16.5B
- Operating income
- $2.6B
- Net income
- $1.9B
- EPS
- $3.04
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Fiscal 2024 Q3 Revenues and New Bookings
Accenture said that for Q3 of fiscal 2024, revenues were $16.5 billion, down 1% in U.S. dollars and up 1% in local currency. New bookings were $21.1 billion, up 22% in U.S. dollars and 26% in local currency.
Source · Based on the MD&A text of the filing
Q3 Operating Margin and Adjusted Operating Margin
The company said its operating margin for Q3 was 16.0%, compared with 14.2% a year earlier. Adjusted operating margin, which excludes business optimization costs of $77 million, was 16.4%, compared with 16.3% a year earlier. Business optimization costs in the year-earlier period were $347 million.
Source · Based on the MD&A text of the filing
Q3 Diluted EPS and Shareholder Returns
For Q3, Accenture said diluted earnings per share were $3.04, down 3% from $3.15 a year earlier. On an adjusted basis, earnings per share were $3.13, down 2% from $3.19 a year earlier. Cash returned to shareholders totaled $2.2 billion, including share purchases of $1.4 billion and dividends of $811 million.
Source · Based on the MD&A text of the filing
Cash and Cash Flow Changes Over 9 Months
The company said cash and cash equivalents as of May 31, 2024 fell to $5.5 billion from $9.0 billion as of August 31, 2023. The company cited higher cash used in investing activities for acquisitions over the 9 months, which rose to $4,259 million, and a $373 million decrease in operating cash flow as factors.
Source · Based on the MD&A text of the filing
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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