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Accenture's (ACN) second-quarter fiscal 2024 earnings rise y/y but revenues decline.
Accenture CEO Julie Sweet joins 'Squawk on the Street' to discuss the company's earnings beat, revenue cut and generative AI.
Although the revenue and EPS for Accenture (ACN) give a sense of how its business performed in the quarter ended February 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Accenture PLC (NYSE:ACN) shares lost almost 6% just before Thursday's opening bell after the IT services provider slashed its fiscal 2024 revenue forecast. It now expects revenue growth in the range of 1% to 3%, compared to its earlier expectation of 2% to 5%.
Accenture (ACN) came out with quarterly earnings of $2.77 per share, beating the Zacks Consensus Estimate of $2.66 per share. This compares to earnings of $2.69 per share a year ago.
Accenture (ACN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Accenture (ACN) is set to announce its second-quarter earnings for the 2024 fiscal year before the bell on Thursday, with the company expected to offer more details on demand for bookings and how it could be positioned to benefit from the artificial intelligence (AI) boom.
Professional services firm Accenture has acquired supply chain logistics specialist Flo. The deal, announced Tuesday (March 19), will move Flo's 280 employees to the Accenture Oracle Business Group, strengthening its ability to help clients prepare for the supply chain's digital transformation.
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Accenture's (ACN) second-quarter fiscal 2024 revenues and earnings are expected to have declined from the year-ago levels.