Accenture has reported increased revenue growth in all markets this quarter and revised its full-year outlook following strong results.
The company saw revenue grow to US$17.7 billion in the quarter ending November 30, according to an earnings report today. This is a year-over-year increase of 8% in local currency.
“Our strategy to lead reinvention for clients while continuing to invest in our business has given us a strong start to fiscal 2025,” said Accenture CEO Julie Sweet. “We delivered broad-based revenue growth across both consulting and managed services, and across each market and industry group, gaining market share.”
Accenture reported US$18.7 billion in new bookings this quarter, a year-over-year increase of 1% in local currency, as well as $1.2 billion in new generative AI orders.
In local currency, revenues grew by 11% in the Americas, 10% in Europe, the Middle East, and Africa, and 4% in the Asia-Pacific.
Its Products sector reported the highest revenue at US$5.43 billion, up 10% in local currency. Health and Public Service also saw significant growth, reaching US$3.81 billion in revenue after an increase of 12%.
GAAP earnings per share stood at $3.59, up 16%. Its operating cash flow was US$1.02 billion.
The company’s GAAP operating margin was 16.7% this quarter, unchanged from its adjusted operating margin in the same period last year.
Accenture expects revenue next quarter to be in the range of $16.2 billion to $16.8 billion. It has revised its full-year outlook to project revenue growth from 4-7%, rather than the 3-6% expected previously.
Accenture’s (NYSE: ACN) share price surged to close at $372.16, up from the previous day’s $347.61. Its market capitalisation is $232.8 billion.