Why Accenture Stock Falling Today 5%

Accenture Stock

Why the stock of the world’s largest information technology company Accenture (NYSE: ACN) fell by more than 5%, you will know and what should be done in this stock now.

Accenture Reports Strong First-Quarter Fiscal 2023 Results:

First-Quarter Fiscal 2023

Growth in U.S. Dollar

Revenues

$15.7 Billion

Increase of 5%

Operating Income

16.5%

Increase 20 Basis Points

Operating Margin

$2.59 Billion

Increasing 7%

EPS

$3.08

Increase 11%

New Bookings

$16.2 Billion

-

Dividend

$1.12 Per Share

Increase 15%

  • Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2023, ended November 30, 2022, with revenues of $15.7 billion, an increase of 5% in U.S. dollars and 15% in local currency over the same period last year.
  • Diluted earnings per share were $3.08, an 11% increase from $2.78 for the first quarter last year.
  • Operating income was $2.59 billion, a 7% increase over the same period last year, and operating margin was 16.5%, an expansion of 20 basis points. Operating cash flow was $495 million and free cash flow was $397 million.
  • New bookings for the quarter were $16.2 billion, with bookings of $8.1 billion for both consulting and managed services.
Accenture Reports Strong First-Quarter Fiscal 2023 Results
Accenture Reports Strong First-Quarter Fiscal 2023 Results

Revenues by Geographic Market:

First-Quarter Fiscal 2023

Growth in U.S. Dollar

Revenues

$15.7 Billion

Increase of 5%

Operating Income

16.5%

Increase 20 Basis Points

Operating Margin

$2.59 Billion

Increasing 7%

EPS

$3.08

Increase 11%

New Bookings

$16.2 Billion

-

Dividend

$1.12 Per Share

Increase 15%

Revenues by Industry Group:

Revenues

Gowth In U.S. dollars

Communications, Media & Technology

$2.98 Billion

Increase of 3%

Financial Services

$2.96 Billion

Increase of 2%

Health & Public Service

$3.00 Billion

Increase of 10%

Products

$4.67 Billion

Increase of 4%

Resources

$2.14 Billion

Increase of 10%

Second-Quarter Fiscal 2023 Results:

Accenture expects revenues for the second quarter of fiscal 2023 to be in the range of $15.20 billion to $15.75 billion, an increase of 6% to 10% in local currency, reflecting the company’s assumption of an approximately negative 5% foreign-exchange impact compared with the second quarter of fiscal 2022.

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