Accenture’s Q3 revenue rises 16%, profit beat estimates
6 years, 9 months ago

Accenture’s Q3 revenue rises 16%, profit beat estimates

Live Mint  

Bengaluru: Accenture Plc’s third-quarter revenue and profit came in above Wall Street estimates on Thursday as the consulting and outsourcing services provider benefited from its plan to boost investments in digital and cloud services. Accenture has spent more than $3 billion over the last three years on some 70 acquisitions to boost its digital and cloud services in order to compete better with Cognizant and IBM. The company forecast current-quarter revenue between $9.8 billion and $10.05 billion, the midpoint of which was slightly below average analyst estimate of $10.01 billion, according to Thomson Reuters I/B/E/S. Net income attributable to the company rose to $1.04 billion in the quarter ended 31 May from $669.5 million a year earlier.

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History of this topic

Accenture revenue forecast hits IT stocks, Infosys, Wipro fall
1 week, 3 days ago

Accenture revenue forecast hits IT stocks, Infosys, Wipro fall

India Today  

Information Technology stocks tumbled in early trade on Friday after global IT giant Accenture reported its second quarter results for the financial year 2025-26. Accenture, which is seen as a key indicator for the Indian IT sector, raised the lower end of its annual revenue forecast but kept the upper end unchanged. Shares of Accenture also ended over 7% lower …

IT: Forget Q3 results, focus on commentary
2 months, 3 weeks ago

IT: Forget Q3 results, focus on commentary

Live Mint  

The December quarter is seasonally weak for the Indian IT sector due to furloughs and fewer working days. Even so, wide-held expectations are that year-on-year revenue growth will start gradually improving from Q3FY25 onwards, aided by lower project cancellations, the beginning of the US Federal Reserve's interest rate cut cycle, and the end of uncertainties surrounding the US election. “We …

IT sector swings between hope and despair
3 months, 1 week ago

IT sector swings between hope and despair

Live Mint  

Global IT giant Accenture’s Q1FY25 results surprised positively with constant currency revenue growth of 8% year-on-year, beating its 2-6% guidance. Growth was broad-based but led by the healthcare and public services vertical where Accenture has relatively higher exposure than tier-I Indian peers. “Accenture’s improving deal total contract value share indicates its growth, especially in Managed Services, might be coming at …

Infosys, TCS, Wipro to HCL Tech: IT stocks rise after strong Accenture earnings
3 months, 1 week ago

Infosys, TCS, Wipro to HCL Tech: IT stocks rise after strong Accenture earnings

Live Mint  

Stock Market Today: Infosys, Tata Consultancy Services, HCL Technologies, Wipro and other IT stocks climbed up to 1 per cent in early trade on Friday, December 20 after a strong performance by Accenture in the first quarter added to investor confidence. Accenture's Q1 revenue of $17.7 billion grew 8% year-on-year in constant currency terms and was above the guided range …

Infosys, Wipro ADRs surge over 3% on NYSE after Accenture Q1 earnings beat Wall Street estimates
3 months, 1 week ago

Infosys, Wipro ADRs surge over 3% on NYSE after Accenture Q1 earnings beat Wall Street estimates

Live Mint  

Infosys, Wipro ADRs Today: American Depository Receipt shares of India's leading information technology service providers Infosys and Wipro witnessed a sharp rise on the New York Stock Exchange after global IT major Accenture's first-quarter earnings beat Wall Street estimates across most metrics. On Thursday, Infosys's ADR surged 3.58 per cent to $23.46 on the American stock exchange, while Wipro's ADR …

Accenture Q1 Results: IT major beats quarterly revenue estimates on strong genAI service demand
3 months, 1 week ago

Accenture Q1 Results: IT major beats quarterly revenue estimates on strong genAI service demand

Live Mint  

IT major Accenture surpassed the Wall Street revenue estimates on Thursday, December 19, as the company announced its first-quarter results, reported the news agency Reuters. Accenture Plc shares are trading 6.73 per cent higher at $371 as of 9:34 a.m., compared to its previous close of $347.61 per share. The IT firm raised its annual revenue forecast to grow between …

Accenture unveils $4 billion share buyback, lifts 2025 revenue guidance by 3-6% on AI-led order boom
6 months ago

Accenture unveils $4 billion share buyback, lifts 2025 revenue guidance by 3-6% on AI-led order boom

Live Mint  

Accenture unveiled a $4.0 billion share buyback and reported better-than-expected fourth-quarter revenue driven by a high demand from companies looking to adopt generative artificial intelligence technology. Accenture hiked its annual revenue growth forecast to 3-6 per cent for 2025 after improving macroeconomic indicators and the US Federal Reserve's latest supersized interest rate cut. The Dublin-based company reported fourth-quarter revenue of …

Accenture posts full-year fiscal 2024 revenue of USD 64.9 billion
6 months ago

Accenture posts full-year fiscal 2024 revenue of USD 64.9 billion

New Indian Express  

BENGALURU: IT services firm Accenture, which announced a USD 4 billion share buyback, has posted fourth-quarter revenues of USD 16.4 billion, an increase of 3 per cent. Its full-year fiscal 2024 revenues stood at USD 64.9 billion. The company's new bookings for the fourth quarter stood at USD 20.1 billion and USD 81.2 billion for the full year, a 13 …

Accenture plans to push back bulk of its staff promotions by six months: Report
6 months, 1 week ago

Accenture plans to push back bulk of its staff promotions by six months: Report

New Indian Express  

The Dublin -based technology giant, Accenture Plc is planning to push back the bulk of its staff promotions by six months. The company will announce most promotions in June, rather than in the usual month of December, Bloomberg reported citing an internal blog post. The blog said the firm is “permanently changing our primary promotion date from December to June, …

Accenture forecasts Q2 revenue below estimates on muted IT spending
1 year, 3 months ago

Accenture forecasts Q2 revenue below estimates on muted IT spending

Live Mint  

IT services provider Accenture forecast second-quarter revenue below Wall Street targets on Tuesday, anticipating cautious spending by clients as macroeconomic uncertainty remains an overhang. Accenture's revenue from the communications, media & technology industry group fell 10% in the first quarter, while sales from North America, the company's biggest market, fell 1%, to $7.56 billion. Tata Consultancy Services, India’s No.1 IT …

Accenture results leave IT investors between hope and despair
1 year, 5 months ago

Accenture results leave IT investors between hope and despair

Live Mint  

Accenture’s revenue for the quarter ending August, deal bookings and FY24 revenue growth guidance point to a long recovery path for the Indian information technology sector. Secondly, this also means that large deal ramp ups could take longer, further weighing on the sector’s FY25 revenue growth trajectory—an incremental negative. Accenture’s FY24 revenue growth guidance of 2-5% was modest considering that …

IT stocks fall after Accenture cuts earnings growth guidance
1 year, 9 months ago

IT stocks fall after Accenture cuts earnings growth guidance

Live Mint  

Shares of all major Indian Information Technology services companies declined on Friday after US tech giant Accenture cut its revenue guidance for the fourth quarter, raising concerns over earnings of Indian software companies. Domestic brokerage firm Motilal Oswal expects a negative near-term impact of Accenture’s earnings commentary on Indian tech companies. “The overhang on the small deal extension and execution …

Accenture earnings: IT investors' fears coming true?
1 year, 9 months ago

Accenture earnings: IT investors' fears coming true?

Live Mint  

Global IT giant Accenture's earnings stirred further uncertainty among already apprehensive Indian IT investors. “Decline in consulting – first in past nine quarters - led by lesser small deals sales, indicate intensifying pressure on discretionary spend," noted analysts at JM Financial Institutional Securities Ltd. Accenture's performance is frequently viewed as a barometer for the Indian IT sector, and the anticipated …

Accenture’s layoffs signal tough times for India’s IT giants
2 years ago

Accenture’s layoffs signal tough times for India’s IT giants

Live Mint  

IT consulting giant Accenture shocked the industry by announcing plans to trim its workforce by 19,000 over the next 18 months. Wipro reduced its headcount by a net 435 employees in Q3, FY23 after a low net addition of 605 employees in Q2. HCL Tech added a net 2,945 employees in Q3, taking its total headcount to about 220,000. Most …

Accenture is firing 19000 employees: 5 things the IT company said while announcing layoffs
2 years ago

Accenture is firing 19000 employees: 5 things the IT company said while announcing layoffs

India Today  

Accenture, the Dublin-based tech company that specialises in offering software solutions to enterprise customers, is planning to lay off over 19,000 employees globally due to uncertain macroeconomic conditions. Although the layoff impacts 2.5 per cent of the company's global employees, the number is significantly large compared to layoffs at other tech companies, like Google, Twitter, and Microsoft. The filing shows …

Now, Accenture to lay off 19,000 employees, cut around 2.5% workforce
2 years ago

Now, Accenture to lay off 19,000 employees, cut around 2.5% workforce

India TV News  

Accenture layoffs: IT services firm Accenture Plc has announced that it will cut around 2.5% of its workforce, or 19,000 jobs, with more than half of the layoffs affecting staff in non-billable corporate functions. During the earnings call, KC McClure, who serves as Accenture's Chief Financial Officer, informed analysts that these measures would affect around 19,000 or 2.5% of the …

Accenture to cut 2.5% of workforce; lay off 19,000 employees
2 years ago

Accenture to cut 2.5% of workforce; lay off 19,000 employees

Hindustan Times  

Accenture Plc on Thursday lowered its annual revenue and profit forecasts and said it would cut about 2.5% of workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. Accenture now expects annual revenue growth to be between 8% and 10% compared to the previous projection of 8% to 11% …

Accenture to cut 19,000 jobs, trims forecasts
2 years ago

Accenture to cut 19,000 jobs, trims forecasts

Live Mint  

Accenture Plc lowered its revenue and profit projections on Thursday and informed that the company would cut about 19,000 jobs. The reduction in revenue and profit projections came as Accenture expects the recession-wary enterprises will cut technology budgets and now expects annual revenue growth to be in the range of 8% to 10% in local currency, compared to 8% to …

IT investors find little comfort in Accenture results
2 years, 3 months ago

IT investors find little comfort in Accenture results

Live Mint  

Recently, HCL Technologies Ltd had said that it expects FY23 revenue growth to be at the lower end of the guidance of 13.5-14.5% in constant currency terms. Amid looming worries on demand slowdown, investors in Indian information technology services companies’ stocks looking for meaningful clues from Accenture Plc’s Q1FY23 results are in for some disappointment. View Full Image Accenture's Q1FY23 …

Stocks of IT companies are on cloud nine after Accenture’s strong results
4 years, 3 months ago

Stocks of IT companies are on cloud nine after Accenture’s strong results

Live Mint  

Shares of software services firms Tata Consultancy Services Ltd and Infosys Ltd hit a new 52-week high on Friday after Accenture Plc announced better-than-expected results for its first quarter. Analysts say that large Indian IT firms tend to mirror Accenture’s performance with some lag, and with other channel checks suggesting strong IT demand, the outlook for India-based companies remains strong. …

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT
4 years, 6 months ago

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT

Business Standard  

Accenture's Q4 orders, outsourcing biz growth fuel optimism for Indian IT The better-than-expected performance in the outsourcing business has indicated the recovery of revenue growth for Indian IT firms too, and may happen sooner than expected Premium According to Motilal Oswal Securities, Accenture’s management has hinted at a robust deal pipeline, which is quite encouraging for Indian IT companies. Sai …

Covid impact on TCS greater than Accenture, but stock defies reality
4 years, 8 months ago

Covid impact on TCS greater than Accenture, but stock defies reality

Live Mint  

Since 25 June, when Accenture Plc reported better-than-expected quarterly results, its stock has risen by 8.5%. Its revenue grew 1.3% year-on-year in local currency terms and its operating profit margin rose by 220 basis points sequentially. TCS’s results reflect the reality of the pandemic,” said an analyst at a domestic institutional brokerage requesting anonymity. Even after weaker-than-expected March quarter results, …

Accenture tops Q2 estimates, raises profit forecast
6 years ago

Accenture tops Q2 estimates, raises profit forecast

Live Mint  

Bengaluru: Accenture Plc on Thursday raised its full-year profit forecast after reporting better-than-expected second-quarter earnings, benefiting from its investments in digital and cloud services. Much of Accenture's recent growth has been driven by digital and cloud services, which include everything from managing clients' social media marketing strategies to helping them migrate to the cloud. Accenture raised its full-year earnings per …

Lessons from Accenture’s earnings beat and conservative guidance
6 years, 5 months ago

Lessons from Accenture’s earnings beat and conservative guidance

Live Mint  

Accenture Plc ended its fiscal year on a strong note, with revenue growing by 11% in constant currency in the fourth quarter. In the 12-month period till August 2018, revenue grew 10.5%, far higher than the 5-8% growth it had guided for at the beginning of the year. Among India’s top six software exporters, only Tata Consultancy Services Ltd is …

Accenture Q4 revenue rises 11% to $1.03 billion, profit beats estimates
6 years, 6 months ago

Accenture Q4 revenue rises 11% to $1.03 billion, profit beats estimates

Live Mint  

Bengaluru: Accenture Plc’s fourth-quarter revenue and profit beat Wall Street estimates on Thursday as investments in its fast-growing digital and cloud services businesses paid off. Net income attributable to the company rose to $1.03 billion, or $1.58 per share, from $932.5 million, or $1.48 per share, in the fourth quarter ended 31 August, a year earlier. Its profit beat the …

Accenture’s growth forecast puts spotlight on Indian rivals
6 years, 8 months ago

Accenture’s growth forecast puts spotlight on Indian rivals

Live Mint  

Bengaluru: Accenture Plc will add more than $4.37 billion in incremental revenue in the fiscal year ending August 2018, the highest new revenue done by an information technology outsourcing company in over two decades. Put simply, Accenture’s projected incremental revenue of $4.37-4.62 billion for the financial year will be just a shade lower than the combined $4.78 billion new revenue …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18
7 years, 3 months ago

Accenture poised to outpace TCS, Cognizant, Infosys, Wipro in 2017-18

Live Mint  

Bengaluru: Since the turn of the century, a heritage company has always led growth in the information technology outsourcing industry. Accenture is estimated to add $3.63 billion in incremental revenue, a shade less than the new business at the four other large companies put together, according to Mint research based on analyst projections. Simply put, a 260 basis point improvement …

Accenture reports 7.5% rise in quarterly revenue
7 years, 6 months ago

Accenture reports 7.5% rise in quarterly revenue

Live Mint  

Bengaluru: Accenture Plc reported better-than-expected quarterly revenue, as the consulting and outsourcing services provider benefited from its investments in fast-growing digital and cloud service businesses. Dublin, Ireland-domiciled company’s revenue from “the New”—which includes digital, cloud and security-related services—grew about 30% to $18 billion for the year ended 31 August. The company has been increasingly grabbing market share from its rivals …

Microsoft reports strong Q4 earnings, cloud services unit revenue rises to $7.43 billion
7 years, 8 months ago

Microsoft reports strong Q4 earnings, cloud services unit revenue rises to $7.43 billion

Firstpost  

Highlighting Azure’s growth were notable increases to Microsoft’s long-term unearned revenue, which rose by more than 61 percent year-over-year. Most notably, revenue from the cloud unit, which includes the flagship Azure platform and server products, rose about 11 percent to $7.43 billion in the fiscal fourth quarter ended June 30. In a bid to continue this momentum, Microsoft last week …

How Accenture is stealing a march over TCS, Infosys, Wipro
8 years, 1 month ago

How Accenture is stealing a march over TCS, Infosys, Wipro

Live Mint  

Bengaluru: Indian technology outsourcing companies’ inability to find new customers even as US rival Accenture Plc is managing to do business with firms that dominate the consumer Internet, including Google, Facebook Inc. and Amazon.com Inc., again underlines the reason behind the dismal growth of home-grown companies. A strong consulting practice and early investments in new technology areas, like data analytics …

Accenture revenue tops estimates on cloud services demand
8 years, 6 months ago

Accenture revenue tops estimates on cloud services demand

Live Mint  

Bengaluru: Accenture Plc, a provider of consulting and outsourcing services, reported better-than-expected 7.6% rise in quarterly revenue as its investments to boost digital and cloud services paid off. Accenture is beefing up its digital and cloud services as it seeks to gain market share from its rivals including IBM Corp and India’s Infosys Ltd and Tata Consultancy Services Ltd. “Looking …

Accenture Q3 revenue rises 8.6% on demand for consulting services
8 years, 9 months ago

Accenture Q3 revenue rises 8.6% on demand for consulting services

Live Mint  

Bengaluru: Accenture Plc posted a better-than-expected 8.6% rise in quarterly net revenue, driven by demand for consulting services, particularly from customers in North America. Net revenue from Accenture’s consulting business, which accounts for a little more than half of total revenue, rose 12.4% in the third quarter. Analysts on average had expected a profit of $1.41 per share and revenue …

Accenture results no pointer to Indian IT performance
9 years, 6 months ago

Accenture results no pointer to Indian IT performance

Live Mint  

Once bitten, twice shy. Accenture said in the past year, digital-related services grew approximately 35% to more than $7 billion. Accenture’s management told analysts in post-results conference call that dominant drivers of its growth continued to be strong double-digit growth in digital-related services and operations, and added later that they expect growth in the segment to remain strong in double-digits …

Strong Q3 helps Cognizant raise guidance again
11 years, 4 months ago

Strong Q3 helps Cognizant raise guidance again

The Hindu  

Cognizant Technology Solutions, on Tuesday, rounded off a string of better-than-expected September quarter performances by rival Indian software exporters when it raised its full-year forecast yet again and continued its healthy pace of growth with a 15 per cent rise in net profit. The New Jersey-based IT services company, which has a majority of its employees in India, now expects …

Accenture expects USD 7-7.3 billion revenue in Sept quarter
11 years, 6 months ago

Accenture expects USD 7-7.3 billion revenue in Sept quarter

India TV News  

New Delhi: Global technology services and consulting company Accenture expects revenue in the September-November quarter to be in range of $7-7.3 billion. For fiscal September-August 2014, the firm has forecast revenue growth of 2-6 per cent.The firm reported a 4 per cent increase in revenue to $7.1 billion for the fourth quarter of fiscal 2013 from a year earlier, while …

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