TECH - Why Is Accenture Stock Falling Today? | Benzinga
Accenture Plc (NYSE:ACN) reported second-quarter fiscal 2024 sales of $15.80 billion compared with the consensus of $15.84 billion, flat Y/Y in U.S. dollars and local currency.
Revenues were slightly above the midpoint of the company’s guided range of $15.40 billion – $16.00 billion. Adjusted EPS of $2.77 beat the consensus of $2.66.
Revenues for the quarter reflect a negative foreign exchange impact of approximately 0.5%, consistent with the assumption in the company’s first-quarter earnings release.
New bookings for the quarter were $21.6 billion, with consulting bookings of $10.5 billion and managed services bookings of $11.1 billion.
Adjusted operating income for the quarter was $2.16 billion, or 13.7% of revenues, versus 13.8% in the second fiscal 2023.
Products revenues reached ...