Julie Sweet, Accenture CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent quarter, what impact Accenture may experience from DOGE cuts, and more.
Accenture plc (NYSE:ACN ) Q2 2025 Earnings Conference Call March 20, 2025 8:00 AM ET Company Participants Katie O'Conor - Managing Director, Head of IR Julie Sweet - Chair & CEO Angie Park - CFO Conference Call Participants Jason Kupferberg - Bank of America Tien-Tsin Huang - JPMorgan Bryan Keane - Deutsche Bank David Koning - Baird James Faucette - Morgan Stanley Bryan Bergin - TD Cowen Keith Bachman - BMO Capital Markets Jonathan Lee - Guggenheim Partners Darrin Peller - Wolfe Research Operator Good day, and welcome to Accenture's Second Quarter Fiscal 2025 Earnings Conference Call. All participants will be in listen-only mode.
Accenture (ACN -6.83%) stock fell 8% through 10 a.m. ET Thursday despite exceeding expectations in its earnings report for the fiscal second quarter of 2025.
Although the revenue and EPS for Accenture (ACN) give a sense of how its business performed in the quarter ended February 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Here's our initial take on Accenture's (ACN 0.11%) fiscal 2025 second-quarter financial report.
Accenture (ACN) came out with quarterly earnings of $2.82 per share, missing the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $2.77 per share a year ago.
Professional services and consulting specialist Accenture (ACN 0.11%) reported fiscal 2025 second-quarter results on Thursday, March 20, that topped analysts' consensus expectations. Revenue of $16.66 billion narrowly beat estimates of $16.62 billion and rose 5% year over year while earnings per share (EPS) came in just ahead of estimates at $2.82.
Accenture (ACN) reported higher revenue but lower profit than analysts expected for its fiscal 2025 second quarter.
Accenture raised the lower end of its annual revenue forecast on Thursday, betting on growing demand for its services to help clients integrate AI-powered tools into their operations.
Accenture (ACN) is scheduled to report earnings for the second quarter of fiscal 2025 on Thursday morning, with analysts expecting the consulting and professional services stock to reverse its recent losses.
I reiterate a 'Strong Buy' rating on Accenture with a one-year target price of $415 per share, despite recent stock price pressures. Accenture's Q1 FY25 results showed 8% constant revenue growth and 10% adjusted EPS growth, with healthy 12-month rolling booking growth. Accenture's investment in AI and cloud computing positions it well for future growth, despite current economic and US federal government spending uncertainties.
ACN's top line in the second quarter of fiscal 2025 is likely to have gained from a surge in bookings and GenAI market expansion.