Accenture plc (NYSE:ACN ) Q1 2025 Earnings Conference Call December 19, 2024 8:00 AM ET Company Participants Katie O'Conor - Managing Director, Head of IR Julie Sweet - Chair & CEO Angie Park - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Jason Kupferberg - Bank of America Bryan Keane - Deutsche Bank Darrin Peller - Wolfe Research Jim Schneider - Goldman Sachs Dave Koning - Baird James Faucette - Morgan Stanley Keith Bachman - BMO Capital Markets Bryan Bergin - TD Cowen Operator Good day and welcome to Accenture's First Quarter Fiscal 2025 Earnings Conference Call. All participants will be in listen-only mode.
Shares of Accenture (ACN) surged Thursday after the professional services and consulting firm reported first-quarter results that topped analysts' expectations and lifted its full-year revenue growth forecast.
Information technology services firm Accenture Plc (NYSE:ACN) reported better-than-expected fiscal first-quarter revenue and hiked its full-year outlook.
While the top- and bottom-line numbers for Accenture (ACN) give a sense of how the business performed in the quarter ended November 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
On Thursday, Accenture Plc ACN reported first-quarter fiscal 2025 sales of $17.69 billion compared with the analyst consensus estimate of $17.12 billion, up 9% year-over-year in U.S. dollars and 5% in local currency.
Accenture (ACN) came out with quarterly earnings of $3.59 per share, beating the Zacks Consensus Estimate of $3.38 per share. This compares to earnings of $3.27 per share a year ago.
The professional services company's revenue and earnings for the first quarter of fiscal 2025 top Wall Street expectations.
Accenture forecast annual revenue growth below Wall Street estimates on Thursday, hurt by weak enterprise spending on IT services.
Analysts expect Accenture to report $3.42 EPS on $17.14B in revenues, with potential for beating estimates due to recent upward revisions. I am cautious about starting a position due to uncertainties in AI investments and lackluster M&A-driven top-line growth, maintaining a hold rating. The company is aggressively expanding in AI, aiming for 80,000 AI-focused employees by FY26, but this exuberance may lead to future workforce cuts.
Accenture (ACN) will report first-quarter fiscal 2025 earnings before the opening bell Thursday, and analysts see room for growth ahead of the results.
ACN's first-quarter fiscal 2025 top line is likely to have benefited from the SynOps platform to drive automation.