Accenture, a leading global professional services company, reported mixed financial results for the third quarter of fiscal 2024. The company saw a slight decrease in revenues, reporting $16.5 billion, a 1% drop in U.S. dollars but a 1% increase in local currency compared to the same quarter in the previous year. Operating margin improved to 16.0%, up from 14.2% in the third quarter of fiscal 2023, with adjusted operating margin slightly increasing to 16.4% from 16.3%. Diluted earnings per share (EPS) decreased by 3% to $3.04, and adjusted EPS saw a 2% decrease to $3.13 compared to $3.19 in the prior year's quarter. Cash returned to shareholders totaled $2.2 billion, including share purchases of $1.4 billion and dividends of $811 million. New bookings showed a significant increase of 22% in U.S. dollars and 26% in local...Show More

Accenture, a leading global professional services company, reported mixed financial results for the third quarter of fiscal 2024. The company saw a slight decrease in revenues, reporting $16.5 billion, a 1% drop in U.S. dollars but a 1% increase in local currency compared to the same quarter in the previous year. Operating margin improved to 16.0%, up from 14.2% in the third quarter of fiscal 2023, with adjusted operating margin slightly increasing to 16.4% from 16.3%. Diluted earnings per share (EPS) decreased by 3% to $3.04, and adjusted EPS saw a 2% decrease to $3.13 compared to $3.19 in the prior year's quarter. Cash returned to shareholders totaled $2.2 billion, including share purchases of $1.4 billion and dividends of $811 million. New bookings showed a significant increase of 22% in U.S. dollars and 26% in local currency, reaching $21.1 billion. The company's workforce grew to over 750,000, with a slight increase in annualized voluntary attrition to 14% from 13% the previous year. Accenture continues to focus on digital transformation services, cloud enablement, and cybersecurity, with demand for managed services showing solid growth. The company's geographic restructuring will see Latin America move from Growth Markets to North America, effective September 1, 2024. Despite economic and geopolitical uncertainties impacting business, Accenture maintains a competitive position in the market. The company's future plans include leveraging its industry experience and global delivery capability to help clients optimize operations and accelerate revenue growth.