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- Accenture results revealed
- Founded: 1989
- Headquarters: Dublin, Ireland
- Number of employees: 733,000 (2023)
- Industry: Professional services, information technology consulting
- Key people: Julie Sweet (Chair and CEO)
- 1 month: +3.33%
- 3 months: +7.54%
- Year-to-date: +27.88%
- 1 year: +30.30%
- Wedbush: $360
- Redburn Atlantic: $410
- UBS Group: $333
- Robert W. Baird: $322
- TD Cowen: $300
- Piper Sandler: $300
- BMO Capital Markets: $350
- Royal Bank of Canada: $340
- Citigroup: $358
- Morgan Stanley: $356
- Barclays: $390
- JP Morgan: $341
- Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours
- Reduce your risk and hedge your existing positions ahead of a new trading day
- Extended trading hours on popular US stocks means extended opportunities
News & analysisIrish-American professional services company, Accenture plc (NYSE: ACN), announced Q1 FY24 financial results before the opening bell in the US on Tuesday.
The company reported revenue of $16.224 billion for the three months that ended on 30/11/23, which was narrowly above analyst estimate of $16.169 billion.
Earnings per share (EPS) reached $3.27 per share vs. $3.144 per share expected.
Revenue and EPS for the quarter were up by 3% and 6.1% year-over-year, respectively.
Company overview
CEO commentary
‘I am pleased that we delivered on our commitments this quarter while strategically investing at scale for future growth. Our deep and trusted client relationships are again reflected in the 30 clients with quarterly bookings of more than $100 million. And we continue to lead our industry in Gen AI – the great accelerator of reinvention – with over $450 million in new bookings. I am incredibly grateful to the 743,000 people of Accenture, who are steadfastly dedicated to helping our clients achieve their ambition to grow and thrive in the years ahead,’ CEO of the Dublin based company, Julie Sweet, said in a letter to shareholders.
Stock reaction
The stock was pretty much flat on Tuesday after the latest results were announced.
Shares were down by 0.10%, trading at $341.52 a share.
Stock performance
Accenture stock price targets
Accenture plc is the 47th largest company in the world with a market cap of $213.99 billion.
You can trade Accenture plc (NYSE: ACN) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD.
GO Markets now offers pre-market and after-market trading on popular US Share CFDs.
Trade the pre-market session: 4:00am to 9:30am, normal session, and after-market session: 4:00pm to 8:00pm, Eastern Standard Time.
Why trade during extended hours?
Sources: Accenture plc, TradingView, MarketWatch, Benzinga, CompaniesMarketCap
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