Summary by Moomoo AI
Accenture reported Q3 FY2024 financial results with revenues of $16.5 billion, down 1% in U.S. dollars but up 1% in local currency. Operating income increased 12% to $2.63 billion, with operating margin expanding to 16.0% from 14.2% year-over-year. The company declared a quarterly cash dividend of $1.29 per share.New bookings reached $21.1 billion, up 22% in U.S. dollars and 26% in local currency, with managed services bookings showing particularly strong growth at $11.8 billion. By industry group, Health & Public Service led growth with an 8% increase, while Financial Services declined 8%. The company maintained strong profitability despite continued pricing pressures across the business.Looking at geographic performance, North America revenues grew 1% in local currency, while EMEA decreased 2% and Growth Markets increased 8%. The company's workforce expanded to over 750,000 people, with utilization improving to 92%. Accenture ended the quarter with $5.5 billion in cash and cash equivalents, after returning $2.2 billion to shareholders through dividends and share repurchases.
