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Accenture shares climbed almost 5% following the release of its strong fourth-quarter and full-year fiscal 2024 results. The company reported new bookings of $20.1 billion in Q4, bringing full-year bookings to a record $81.2 billion, a 13% increase in U.S. dollars and 14% in local currency.
Generative AI bookings were particularly significant, reaching $1 billion in Q4 and $3 billion for the year. Fourth-quarter revenues stood at $16.4 billion, a 3% increase in U.S. dollars and 5% in local currency, while full-year revenues reached $64.9 billion, marking a 1% growth in U.S. dollars and 2% in local currency. The operating margin also improved, with the GAAP operating margin hitting 14.3% for the quarter and 14.8% for the full year.
Earnings per share (EPS) saw significant growth as well, with Q4 GAAP EPS at $2.66 (a 24% increase) and adjusted EPS at $2.79 (up 3%). Full-year GAAP EPS stood at $11.44 (up 6%) and adjusted EPS reached $11.95 (up 2%). The company also generated a robust free cash flow of $3.2 billion for the quarter and $8.6 billion for the year. Furthermore, Accenture raised its quarterly dividend by 15% to $1.48 per share and approved an additional $4 billion for share buybacks.
As of 10:19 am the shares were trading 4.52% higher at $352.2852
For fiscal year 2025, Accenture forecasts revenue growth between 3% and 6% and expects GAAP EPS to range from $12.55 to $12.91, representing a 5% to 8% increase from the adjusted EPS of fiscal 2024.
Q4 revenue by segments showed consulting revenues at $8.26 billion (up 1% in U.S. dollars and 3% in local currency) and managed services revenues at $8.15 billion (up 5% in U.S. dollars and 7% in local currency).
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