Q1 2025 Accenture PLC Earnings Call Transcript
Key Points
- Accenture PLC (ACN) reported strong financial results for the first quarter of fiscal 2025, with revenue of $17.7 billion, exceeding the top end of their guided range by approximately $240 million.
- The company achieved 8% revenue growth in local currency, demonstrating broad-based growth across geographic markets and industry groups.
- Accenture PLC (ACN) secured $18.7 billion in new bookings, including significant deals with 30 clients having quarterly bookings greater than $100 million.
- The company increased its data and AI workforce to approximately 69,000, progressing towards its goal of 80,000 by the end of fiscal year 2026.
- Accenture PLC (ACN) was recognized by Fortune as one of the world's best workplaces, moving up from number 10 to number 6, highlighting its strong workplace culture and employee satisfaction.
- Despite strong performance, the operating margin remained flat compared to the adjusted operating margin from the previous year.
- The company noted a constrained spending environment, particularly on smaller deals, indicating potential challenges in securing smaller contracts.
- Accenture PLC (ACN) experienced a decline in revenue growth in certain regions, such as France in EMEA and Singapore and Australia in Asia Pacific.
- The company faced a competitive pricing environment, with lower pricing observed across its business segments.
- Gross margin for the quarter decreased to 32.9% compared to 33.6% in the first quarter of the previous year, indicating pressure on profitability.
Good day and welcome to Accenture's first-quarter fiscal 2025 earnings conference call. (Operator Instructions)
Please note that today's event is being recorded. I would now like to turn the conference over to Katie O'Conor, Managing Director, Head of Investor Relations. Please go ahead.
' -
Thank you operator, and thanks everyone for joining us today on our first-quarter fiscal 2025 earnings announcement. As the operator just mentioned, I'm Katie O'Conor, Managing Director, Head of Investor Relations.
On today's call, you will hear from Julie Sweet, our Chair and Chief Executive Officer; and Angie Park, our Chief Financial Officer. We hope you've had an opportunity to review the news release we issued a short time ago.
Let me quickly outline the agenda for today's call. Julie will begin with an overview of our results, Angie will take you through the financial details, including the income statement and balance sheet, along with some key
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
