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Revenue Rises 15%, FY23 Guidance Below Estimates

Accenture Plc.’s revenue rose in the fourth quarter aided by improved business across all verticals.

The technology company’s revenue rose 15% year-on-year to $15.4 billion in the quarter ended August, according to its filing. Bloomberg consensus estimates forecasted $15.39 billion revenue during the quarter.

Q4 Highlights (YoY)

  • Revenue from consulting up 14% at $8.33 billion.

  • Revenue from outsourcing up 16% at $7.09 billion.

  • Earnings per share at $2.6 versus $2.2.

  • Bookings rose 22% to $18.4 billion, against the $16.99 billion estimate.

  • Free cash flow at $3.61 billion.

The operating cash flow stood at $3.79 billion against Bloomberg consensus estimate of $3.57 billion. Meanwhile, operating margin stood at 14.7%

Other Highlights

  • Approved $3 billion additional share buyback.

  • The company expects to return at least $7.1 billion in cash to shareholders through dividends and share repurchase.

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