Key Takeaways
- Accenture missed estimates for fourth quarter revenue and full-year guidance as new bookings declined.
- The company's consulting revenues fell. Sales at its Communications, Media and Technology industry group dropped.
- Accenture's 2024 outlook for profit and sales was also short of analysts' forecasts.
Accenture Plc (ACN) shares dropped on Thursday to their lowest level since June after the information technology services and consulting firm's revenue and full-year outlꦑook missed estimates as new bookings declined.
The company reported fourth quarter fiscal 2023 sales rose 3.6% to $15.99 billion, short of forecasts. 澳洲幸运5官方开奖结果体彩网:Earnings per share (EPS) of $2.71 exceeded expectations.
Consulting revenues decreased 2% to $8.20 billion, while Managed Services revenues gained 10% to $7.79 billion. Revenue in the Communications, Media and Technology industry group dropped 12%. I💫t was up for all other🍌 segments. New bookings declined 10% to $16.6 billion.
Accenture projects fiscal 2024 EPS in 🎃a range of $11.97 to $12.32, and revenue to increase 2% to 5%. Both were less than what analysts were anticipating.
Shares of Accenture lost💖 over 4% on Thursday following the news, but even with Thursday’s decline, shares were up more than 11% for t༺he year.
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