Accenture reports quarterly results alongside a reduced outlook. Multiple reports say the company trims its full-year revenue forecast after weaker-than-expected demand signals, with new bookings slipping to $19.3 billion. Accenture also reports strong cash generation for the quarter, including free cash flow of $3.6 billion. The company returns capital to shareholders as part of its results, reporting $2.2 billion in shareholder distributions during the period. Separate coverage notes Accenture’s shares rise sharply in response to the earnings update, with the stock described as jumping about 14%. Across the outlets, the central items are the softer bookings figure, the downward adjustment to the full-year revenue forecast, and the company’s reported cash flow and capital return. The reports do not suggest changes to the overall corporate strategy in the excerpts provided, but they indicate that the company is revising expectations in light of bookings performance.
Accenture trims full-year revenue forecast as new bookings fall to $19.3 billion
Accenture reports quarterly results alongside a reduced outlook. Multiple reports say the company trims its full-year revenue forecast after weaker-than-expected demand signals, with new bookings slip...
- Accenture reports new bookings of $19.3 billion.
- Accenture trims its full-year revenue forecast.
- Accenture reports free cash flow of $3.6 billion for the quarter.
- Accenture returns $2.2 billion to shareholders.
- Accenture shares are reported to rise about 14% following the update.
Accenture generated free cash flow of $3.6 billion during the quarter and returned $2.2 billion to shareholders.
2 months agoAccenture generated free cash flow of $3.6 billion during the quarter and returned $2.2 billion to shareholders.
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