Dive into the financial achievements of Accenture Stock (ACN) as the company reports its second-quarter results for the 2024 fiscal year. With record-breaking new orders and strong revenue growth, Accenture continues to lead the way in digital transformation and professional services.
Record-Breaking New Orders
Accenture has secured new orders totaling $21.6 billion, marking the second-highest figure in the company’s history. The use of artificial intelligence in new orders surpassed $600 million for the quarter, reaching a total of $1.1 billion for the first half of the fiscal year.
Robust Financial Performance
Revenue amounted to $15.8 billion, with consulting revenue at $8.0 billion and outsourcing revenue at $7.8 billion. Despite a slight decrease in operating margin to 13.7% compared to the previous year, Accenture maintains strong financial stability and profitability.
Profitability and Free Cash Flow
GAAP earnings per share reached $2.63, representing a 10% increase from the second quarter of the 2023 fiscal year. Adjusted earnings per share stood at $2.77, reflecting a 3% growth. Free cash flow amounted to $2.0 billion, underscoring Accenture’s efficient capital management.
Dividend Increase and Future Outlook
Quarterly cash dividends per share rose by 15% to $1.29, demonstrating Accenture’s commitment to delivering value to shareholders. Looking ahead, the company anticipates 1-3% revenue growth for the full year in local currency, with a GAAP operating margin of 14.8% and adjusted earnings per share ranging from $11.97 to $12.20.
Driving Digital Innovation
As a leading global professional services company, Accenture empowers top-tier corporations, governments, and organizations to build their digital core, optimize operations, and accelerate revenue growth. With a workforce of 742,000 employees serving clients in over 120 countries, Accenture continues to deliver tangible value through its scale and agility.
Sustaining Growth and Value Creation
Accenture’s second-quarter performance underscores its resilience, innovation, and commitment to excellence. With record new orders, strong financial indicators, and a strategic focus on digital transformation, Accenture Stock remains well-positioned to drive growth and create value for stakeholders in the evolving business landscape. Explore Accenture Stock achievements further to gain insights into its continued success and market leadership.
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