NYSE$ACN

Accenture Plc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Accenture reported a 4% increase in revenues and adjusted EPS increased by 4%.

Accenture's Q4 2023 revenues reached $16.0 billion, a 4% increase year-over-year. Adjusted EPS grew by 4% to $2.71. The company's new bookings were $16.6 billion. Looking ahead, Accenture anticipates revenue growth of 2% to 5% in local currency for fiscal year 2024.

  • Revenues for the fourth quarter were $16.0 billion, an increase of 4% in both U.S. dollars and local currency.
  • GAAP EPS were $2.15, compared to $2.60 in the fourth quarter of fiscal 2022; adjusted EPS were $2.71, a 4% increase.
  • New bookings were $16.6 billion for the quarter.
  • Free cash flow was $3.2 billion for the quarter.

Headline financials

Total Revenue

$16B

Previous: $15.4B+3.6%
EPS (adj)

$2.71

Previous: $2.60+4.2%
New Bookings

$16.6B

Previous: $18.4B-9.8%
Capital Expenditures

$180M

Previous: $177M+1.8%
Free Cash Flow

$3.23B

Previous: $3.61B-10.5%
Net Income

$1.41B

Previous: $1.69B-16.8%
Operating Income

$1.91B

Previous: $2.27B-15.7%
Gross Profit

$5.18B

Previous: $4.95B+4.7%
Cash & Equivalents

$9.05B

Previous: $7.89B+14.6%
Total Assets

$51.2B

Previous: $47.3B+8.4%
Stock-Based Comp

$383M

Previous: $360M+6.3%

Revenue & EPS history

Accenture · Revenue · Quarterly

$16B

Q4 2023+3.6%vs Q4 2022
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Accenture expects revenue growth of 2% to 5% in local currency for fiscal year 2024. GAAP diluted EPS is expected to be $11.41 to $11.76, and adjusted EPS is expected to be $11.97 to $12.32.

Tailwinds

  • Revenue growth of 2% to 5% in local currency
  • GAAP operating margin to be in the range of 14.8% to 15.0%
  • Adjusted operating margin to be in the range of 15.5% to 15.7%
  • GAAP diluted EPS to be in the range of $11.41 to $11.76
  • Adjusted EPS to be in the range of $11.97 to $12.32

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-0.4%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.0%

Avg return

30 days after

46%

33 / 72 earnings

Positive

+8.8%

Q4 2012

Best reaction

-19.0%

Q3 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-19.0%
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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