Accenture Surpasses Q4 Estimates with $2.79 EPS, $16.41B Revenue, Approves $4B Buyback

Sep 26, 2024, 11:12 AM

Accenture reported its fourth-quarter and full-year fiscal 2024 results, surpassing earnings and revenue estimates. The company achieved an adjusted EPS of $2.79, exceeding the forecast of $2.77, and reported revenues of $16.41 billion, above the estimated $16.39 billion. New bookings for the quarter reached $20.1 billion, with generative AI bookings contributing $1 billion. For the full year, new bookings totaled a record $81.2 billion, reflecting a 13% increase in U.S. dollars and 14% in local currency. Accenture's board approved an additional $4 billion in share buybacks and increased the quarterly dividend by 15% to $1.48 per share. The company also provided guidance for the first quarter of fiscal 2025, with revenue expected to be between $16.85 billion and $17.45 billion. The operating margin for the fourth quarter was reported at 14.3%, and the market cap stood at $211.17 billion. Accenture's share price increased by 3.55% following the earnings report.