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Accenture plc (ACN-5.10%) has submitted its 10-Q filing for the quarterly period ended November 30, 2024.
The filing includes financial statements for the quarter, showing revenues of $17.7 billion, an increase of 9% in U.S. dollars and 8% in local currency compared to the same period last year. The increase was driven by growth across all geographic markets and industry groups.
Operating income for the quarter was $2,948 million, with an operating margin of 16.7%, compared to $2,565 million and 15.8% in the same period last year. The increase in operating margin was attributed to revenue growth and cost management.
Net income attributable to Accenture plc was $2,278,894,000, with diluted earnings per share of $3.59, a 16% increase over the previous year's $3.10 per share.
Cash flow from operating activities was $1,022 million, an increase from $499 million in the previous year. Cash and cash equivalents at the end of the period were $8.3 billion, up from $5.0 billion at the beginning of the period.
Accenture returned $1.8 billion to shareholders during the quarter, including $926 million in dividends and $898 million in share repurchases.
The company reported new bookings of $18.7 billion, a 1% increase in both U.S. dollars and local currency, with consulting contributing $9.2 billion and managed services $9.5 billion.
Accenture's effective tax rate for the quarter was 21.6%, down from 23.2% in the same period last year, primarily due to higher benefits from adjustments to prior year tax liabilities.
Accenture's workforce increased to approximately 799,000, up from 743,000 in the previous year, reflecting demand for services and acquisitions.
The filing also details Accenture's financial instruments, borrowings, and commitments, including $5 billion in senior unsecured notes issued by Accenture Capital Inc.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Accenture plc quarterly 10-Q report dated December 19, 2024. To report an error, please email earnings@qz.com.