Accenture Results Highlight $4 Billion Buyback and Optimistic FY25 Guidance
Accenture Results Announced
Accenture’s latest financial results showcase a share buyback worth $4 billion following a robust performance in fiscal 2024. The company achieved fourth-quarter revenue of $16.4 billion, which represents a 3% growth year-over-year in dollar terms and 5% in local currency. Notably, the GAAP operating margin improved to 14.3%, marking a significant 230 basis point increase.
Future Outlook and Growth Projections
Looking ahead, Accenture projects a revenue growth range of 3% to 6% for fiscal year 2025, accompanied by GAAP earnings per share expected between $12.55 and $12.91. The CEO, Julie Sweet, emphasized the company’s agility and strategic investments positioned for future growth, particularly in generative AI.
Implications of Share Buyback
The announcement of the $4 billion share buyback reflects Accenture’s confidence in its financial health and aims to enhance shareholder value. This comes in light of strong new bookings totaling $20.1 billion for the quarter, attributed to rising demands in digital services.
Further Developments
Accenture continues to strengthen its market standing, reporting a record of 125 quarterly client bookings exceeding $100 million. The total new bookings for the fiscal year reached $81 billion.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.