Key Takeaways
- Accenture shares surged Thursday after its first-quarter results topped estimates.
- Revenue and profits grew year-over-year as AI bookings climbed, and Accenture lifted its full-year revenue growth projections.
- Thursday's gains brought Accenture shares back into positive territory for the year, recovering from Wednesday's losses.
Shares of Accenture (ACN) surged Thursday after the professional services and consulting fir𒐪m reported first-quarter results that topped analysts' expectations and lifted its full-year🎉 revenue growth forecast.
Accenture posted $17.7 billion in revenue for the quarter, up from $16.2 billion the same time last year and above the $17.1 billion analysts projected as 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) bookings climbed.
The company recorded $2.28 billion in 澳洲幸运5官方开奖结果体彩网:net income, or $3.59 per share, better than the $1.98 bill𝔍ion, or $3.10 per share, the company reported a year ago. Those figures also beat analysts' estimates compiled by Visible Alpha.
Accenture Boosts Its Full-Year Revenue Growth For𓃲ecast
Accenture said it anticipates second-quarter revenue of $16.2 billion to $16.8 billion, with analysts expecting roughly $16.66 billion. The company also lifted its 澳洲幸运5官方开奖结果体彩网:full-year revenue outlook, projecti🍃ng growth of 4% to 7% compared to fiscal 2024, up from 3% to 6% pre🐓viously.
However, the Ireland-based firm lowered its full-year 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) projection, warning exchange rates would have a negative impact oꦗf 0.5% compared to last year. Accenture had previously expecte𝄹d it to have a 1.5% positive effect.
The company now expects♛ EPS between $12.43 to $12.79, down from $12.55 to $12.91 previously, which still amounts to growth of 9% to 11% from last year.
Accenture shares were up 7% Thursday morning, putting them back in the green for the year after recovering from Wednesday's losses.