Accenture Reports Steady Revenue Growth and Landmark Gen AI Milestone

Accenture reported a 5% year-on-year revenue increase to USD 16.7 billion for the December-February period, aligning with expectations. Despite a foreign-exchange impact and reduced gross margin, the firm saw significant contributions from the Americas, EMEA, and Asia-Pacific regions. New bookings highlighted strong client trust and growth in Gen AI services.

Accenture, a leading IT services and consulting firm, reported a year-on-year 5% revenue increase, totaling USD 16.7 billion for the December-February period, matching its guided outlook. Revenue for the fiscal second quarter reached the top end of its guidance at USD 16.66 billion, indicating resilience despite a negative foreign-exchange impact of 3%.

The region-wise revenue distribution showcased the Americas leading with USD 8.55 billion, followed by EMEA with USD 5.80 billion, and Asia-Pacific contributing USD 2.30 billion. However, the firm saw a dip in gross margin to 29.9% from 30.9% previously.

Accenture's strategic focus continues to yield results with new bookings at USD 20.91 billion, despite a slight decline. The company achieved a significant milestone with USD 1.4 billion in Gen AI bookings, underscoring strong market trust and its robust global growth strategies. Accenture anticipates continued growth with expected revenues between USD 16.9 billion and USD 17.5 billion in the next quarter.

(With inputs from agencies.)