Q2 2025 Accenture PLC Earnings Call Transcript
Key Points
- Accenture PLC (ACN) reported strong quarterly bookings of $20.9 billion, with 32 clients having bookings over $100 million.
- Revenue grew by 8.5% in local currency, reaching $16.7 billion, which was at the top end of their guided range.
- The company achieved significant growth in GenAI, with $1.4 billion in new bookings and approximately $600 million in revenue.
- Accenture PLC (ACN) continues to invest in strategic areas, deploying over $250 million across six strategic acquisitions.
- The company increased its data and AI workforce to approximately 72,000, progressing towards its goal of 80,000 by the end of FY 2026.
- Operating margin contracted by 20 basis points compared to the adjusted operating margin last year.
- The federal business is facing challenges due to slowed procurement actions and contract reviews by the General Service Administration.
- There is an elevated level of uncertainty in the global economic and geopolitical environment, impacting business outlook.
- Gross margin for the quarter decreased to 29.9% from 30.9% in the same quarter last year.
- The company noted a competitive market environment, which affects pricing stability and contract profitability.
Good day, and welcome to Accenture's second quarter fiscal 2025 earnings conference call. (Operator Instructions) Please note, 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 second 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 operational
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