NYSE$ACN
Accenture Plc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Accenture's financial performance declined slightly due to foreign exchange impacts, but new bookings increased significantly.
Accenture reported a slight decrease in revenue and EPS due to foreign exchange impacts, but new bookings grew by 22%. The company is focused on generative AI and continues to invest in acquisitions.
- New bookings increased by 22% to $21.1 billion.
- Generative AI new bookings reached over $900 million for the quarter.
- Revenues decreased by 1% to $16.5 billion.
- GAAP EPS decreased by 3% to $3.04.
Headline financials
Revenue & EPS history
Accenture · Revenue · Quarterly
$16.5B
Forward guidance
Accenture expects Q4 2024 revenues to be in the range of $16.05 billion to $16.65 billion, representing 2% to 6% growth in local currency. For fiscal year 2024, the company now expects revenue growth to be in the range of 1.5% to 2.5% in local currency and GAAP EPS to be in the range of $11.29 to $11.44.
Tailwinds
- Revenue growth of 2% to 6% in local currency is expected for Q4 2024.
- Full-year revenue growth is projected to be 1.5% to 2.5% in local currency.
- GAAP operating margin for fiscal 2024 is expected to be 14.8%.
- Free cash flow is projected to be in the range of $8.7 billion to $9.3 billion.
- Accenture plans to return at least $7.7 billion in cash to shareholders through dividends and share repurchases.
Headwinds
- Foreign-exchange impact on results in U.S. dollars is expected to be negative 0.7% for fiscal 2024.
- GAAP diluted EPS is now expected to be in the range of $11.29 to $11.44, compared to $11.41 to $11.64 previously.
- Adjusted EPS is now expected to be in the range of $11.85 to $12.00, compared to $11.97 to $12.20 previously.
- The company now expects both its GAAP and adjusted annual effective tax rate to be in the range of 23.5% to 24.5%, compared to 22.5% to 24.5% previously.
- Revenue for the quarter reflect a foreign-exchange impact of approximately negative 2% compared with the negative 1% impact previously assumed.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2024
-0.1%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+1.0%
Avg return
30 days after
46%
33 / 71 earnings
Positive
+8.8%
Q4 2012
Best reaction
-11.3%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.4% | -1.3% | — | |
| Q1 2026 | -3.0% | -1.1% | +4.6% | |
| Q4 2025 | -2.8% | +3.1% | +3.6% | |
| Q3 2025 | -1.4% | +0.9% | -12.1% | |
| Q2 2025 | -7.3% | -4.8% | -13.0% | |
| Q1 2025 | +5.4% | +4.0% | +1.4% | |
| Q4 2024 | +3.8% | +4.4% | +7.0% | |
| Q3 2024 | +8.3% | +7.6% | +15.4% | |
| Q2 2024 | -11.3% | -11.6% | -16.7% | |
| Q1 2024 | -0.7% | +3.7% | +5.2% | |
| Q4 2023 | -2.3% | -2.6% | -7.7% | |
| Q3 2023 | -4.7% | -4.0% | +0.5% | |
| Q2 2023 | +7.4% | +8.6% | +9.1% | |
| Q1 2023 | -9.1% | -4.3% | +0.4% | |
| Q4 2022 | -2.0% | -3.4% | +1.6% | |
| Q3 2022 | +4.5% | -0.9% | +0.6% | |
| Q2 2022 | -0.3% | +0.8% | -1.7% | |
| Q1 2022 | +5.6% | +4.7% | -5.8% | |
| Q4 2021 | +1.4% | -3.1% | +5.7% | |
| Q3 2021 | +3.1% | +3.8% | +11.5% | |
| Q2 2021 | -0.2% | +0.7% | +8.6% | |
| Q1 2021 | +7.6% | +4.9% | +2.5% | |
| Q4 2020 | -6.9% | -2.8% | -0.4% | |
| Q3 2020 | +5.3% | +6.4% | +9.7% | |
| Q2 2020 | -0.8% | +3.8% | +15.8% | |
| Q1 2020 | +2.6% | +2.8% | +1.7% | |
| Q4 2019 | +0.3% | -0.7% | -4.1% | |
| Q3 2019 | +0.8% | +2.9% | +7.4% | |
| Q2 2019 | +5.7% | +5.3% | +8.6% | |
| Q1 2019 | -9.1% | -11.5% | -0.3% | |
| Q4 2018 | -1.6% | +0.1% | -10.7% | |
| Q3 2018 | +5.3% | +5.1% | +4.3% | |
| Q2 2018 | -9.1% | -8.1% | -5.9% | |
| Q1 2018 | +1.4% | +0.8% | +6.6% | |
| Q4 2017 | -1.1% | -1.7% | +4.9% | |
| Q3 2017 | -3.4% | -3.9% | +1.4% | |
| Q2 2017 | -5.9% | -4.1% | -5.7% | |
| Q1 2017 | -5.1% | -5.3% | -7.3% | |
| Q4 2016 | +4.7% | +1.4% | -0.8% | |
| Q3 2016 | -6.4% | -7.1% | -5.2% | |
| Q2 2016 | +6.0% | — | — | |
| Q1 2016 | -6.6% | — | — | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2015 | +1.3% | — | — | |
| Q2 2015 | +6.5% | — | — | |
| Q1 2015 | +6.1% | — | — | |
| Q4 2014 | -0.8% | — | — | |
| Q3 2014 | -2.1% | — | — | |
| Q2 2014 | -5.0% | — | — | |
| Q1 2014 | +6.5% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | -9.6% | — | — | |
| Q2 2013 | +1.3% | — | — | |
| Q1 2013 | -3.0% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q4 2012 | +8.8% | — | — | |
| Q3 2012 | -1.9% | — | — | |
| Q2 2012 | +1.8% | — | — | |
| Q1 2012 | -3.4% | — | — | |
| Q2 2011 | +2.2% | — | — | |
| Q3 2011 | +3.8% | — | — | |
| Q1 2011 | -3.2% | — | — | |
| Q4 2010 | -1.4% | — | — | |
| Q4 2008 | -1.4% | — | — | |
| Q3 2010 | +5.8% | — | — | |
| Q3 2009 | +5.8% | — | — | |
| Q2 2009 | +1.9% | — | — | |
| Q2 2010 | +1.9% | — | — | |
| Q1 2009 | -2.5% | — | — | |
| Q1 2010 | -2.5% | — | — | |
| Q4 2009 | -2.5% | — | — |
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