Accenture has lifted its full-year revenue growth outlook, reflecting stronger-than-expected fiscal first-quarter results, driven by gains across various markets and industry groups. The consulting powerhouse now predicts revenue to rise by 4% to 7% in local currency for fiscal 2025, an increase from its previous projections of 3% to 6%.
The current consensus from FactSet anticipates revenue of $68.62 billion, leading to a 4.7% rise in stock value during premarket activity. Per-share earnings are estimated to fall between $12.43 and $12.79 for the ongoing fiscal year, a slight decrease from the earlier guidance range of $12.55 to $12.91.
Meanwhile, the Street expects GAAP EPS of $12.74. The company predicts foreign exchange to pose a 0.5% headwind on its annual results, contrasting with the prior forecast that anticipated a positive impact of 1.5%. In the three months ending November 30, Accenture reported revenue growth to $17.69 billion compared to $16.22 billion in the same quarter of the previous year, exceeding the Street's estimates of $17.15 billion.
Earnings surged by 16% year over year to reach $3.59, surpassing analysts' expectations of $3.40. "Our strategy to lead reinvention for clients while continuing to invest in our business has given us a strong start to fiscal 2025," stated Chief Executive Julie Sweet. "We delivered broad-based revenue growth across both consulting and managed services, and across each market and industry group, gaining market share." Consulting revenue increased by 7% to $9.05 billion, while the managed services division saw an 11% sales climb, achieving $8.64 billion.
Additionally, new bookings rose by 1% to $18.7 billion, split between $9.22 billion in consulting and $9.48 billion in managed services. Of particular note is that bookings related to Accenture’s generative artificial intelligence offerings reached $1.2 billion. Looking forward to the current three-month period, Accenture anticipates revenue between $16.2 billion and $16.8 billion, facing a foreign-exchange headwind of 2.5%.
When adjusted for local currency, this guidance indicates a growth range between 5% and 9%, with analysts forecasting revenue of $16.67 billion for the upcoming quarter..