{"id":66448,"date":"2023-09-28T12:50:44","date_gmt":"2023-09-28T16:50:44","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/accentures-q4-results-show-profit-dip-bookings-fall-by-10\/"},"modified":"2023-09-28T12:50:46","modified_gmt":"2023-09-28T16:50:46","slug":"accentures-q4-results-show-profit-dip-bookings-fall-by-10","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=66448","title":{"rendered":"Accenture’s Q4 results show profit dip, bookings fall by 10%"},"content":{"rendered":"
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Accenture (NYSE:)’s fourth-quarter fiscal results, released on Thursday, painted a picture of mixed fortunes. The company saw a decline in profits and new bookings, even though there was a slight uptick in overall revenue. Profits fell to $1.37 billion from the previous year’s $1.37 billion, accompanied by a 10% drop in new bookings. <\/p>\n

This drop in profits was reflected in the earnings per share (EPS), which also saw a decrease, contrasting with the forecasts made by FactSet. After adjusting for one-time items, the EPS stood at $2.71, according to the InvestingPro data. This figure fell short of analysts’ predictions, and it’s worth noting that the company’s revenue growth has been slowing down recently, as indicated by one of the InvestingPro Tips.<\/p>\n

On the brighter side, the company’s consulting revenue saw a decrease of 2%, while managed services revenue experienced growth, increasing by 10%. The bookings were evenly split between consulting and managed services, as per the company’s disclosure. This aligns with the information that Accenture operates with a high return on assets and is a prominent player in the IT Services industry, as highlighted in the InvestingPro Tips.<\/p>\n

Even with these mixed results, Accenture saw a modest increase in overall revenue. This did not meet the expectations set by market analysts, and the company later issued a correction clarifying the growth in its managed services revenue. Accenture’s market cap stands at 188.44B USD, and it has a P\/E Ratio of 26.23, according to InvestingPro data. <\/p>\n

In the context of Accenture’s performance, it’s interesting to note that the company has consistently increased its earnings per share and has raised its dividend for 3 consecutive years, as indicated by the InvestingPro Tips. This suggests that despite the recent downturn, Accenture has a history of strong financial performance.<\/p>\n

For investors interested in Accenture, there are many more insights available. InvestingPro provides additional tips for ACN here. These tips include information about Accenture’s earnings quality, return on invested capital, and its dividend history, among others.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Accenture (NYSE:)’s fourth-quarter fiscal results, released on Thursday, painted a picture of mixed fortunes. The company saw a decline in profits and new bookings, even though there was a slight uptick in overall revenue. Profits fell to $1.37 billion from the previous year’s $1.37 billion, accompanied by a 10% drop in new bookings. This drop […]<\/p>\n","protected":false},"author":1,"featured_media":15330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-66448","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAccenture's Q4 results show profit dip, bookings fall by 10% | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Accenture (NYSE:)'s fourth-quarter fiscal results, released on Thursday, painted a picture of mixed fortunes. 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