Company Reports

Accenture boasts many different professional services to tackle almost any need an enterprise might have. We view the company as the best-of-breed professional services provider thanks to its prominent reputation, established customer base, and deep technological expertise.

Accenture's fourth-quarter results demonstrated broad-based strength. Quarterly revenue rose 7% in constant currency, with consulting and managed services revenue both up 7%. Adjusted operating margin improved by 20 basis points year over year. Book/bill ratio also increased to 1.2.

Accenture delivered solid fiscal third-quarter results. Revenue growth of 6% and operating margin of 17% were above our expectations. However, weak new bookings growth and trimmed full-year revenue guidance raised investor concerns, sending the shares down 17% in June 18 trading.

Accenture boasts many different professional services to tackle almost any need an enterprise might have. We view the company as the best-of-breed professional services provider thanks to its prominent reputation, established customer base, and deep technological expertise.

Accenture's 4% constant-currency revenue growth and operating margin of 14% for the fiscal second quarter were in line with our expectations. Total quarterly bookings of over $22 billion and 41 diamond client additions both set new records for the company.

We've lowered our Morningstar Economic Moat Ratings for five IT services companies after reviewing artificial intelligence's potential disruption of the global technology sector.

Accenture boasts many different professional services to tackle almost any need an enterprise might have. We view the company as the best-of-breed professional services provider thanks to its prominent reputation, established customer base, and deep technological expertise.

Accenture delivered solid first-quarter results, with revenue up 5% in constant currency to $18.7 billion. Adjusted operating margin also expanded 30 basis points to 17%, topping management's full-year margin expansion target of between 10 and 30 basis points.

Accenture boasts many different professional services to tackle almost any need an enterprise might have. We view the company as the best-of-breed professional services provider thanks to its prominent reputation, established customer base, and deep technological expertise.

Accenture's fiscal 2025 revenue growth of 7% and adjusted operating margin of 15.6% topped management's guidance. Fourth-quarter new bookings grew 6% year over year to $21.3 billion, reversing the previous two quarters' declining trend and lifting the book-to-bill ratio to 1.2.

Accenture boasts many different professional services to tackle almost any need an enterprise might have. We view the company as the best-of-breed professional services provider thanks to its prominent reputation, established customer base, and deep technological expertise.

We transfer coverage of Accenture, the world's largest IT services provider that helps enterprise customers across various industries with their digital transformation projects.

Accenture boasts many different professional services to tackle almost any need an enterprise might have. We view the company as the best-of-breed professional services provider thanks to its prominent reputation, established customer base, and deep technological expertise.

Wide-moat Accenture reported third-quarter results slightly above our expectations. Revenue grew 7% in constant currency to $18 billion, and the operating margin of 16.8% is an 80-basis-point year-over-year expansion. However, total new bookings recorded two consecutive quarters of year-over-year decline as a result of heightened economic and geopolitical uncertainty. We now foresee a stronger near-term demand headwind for IT services firms, and we are lowering Accenture’s fair value estimate to $311 per share, from $318 previously. Shares currently look moderately undervalued to us, as we believe agentic artificial intelligence-oriented demand from enterprises should provide a stable long-term growth tailwind.

Accenture is one of the largest IT services companies in the world, providing both consulting and outsourcing capabilities. We think that its growth will remain healthy thanks to the persistence of digital transformation trends along with a long-tailed artificial intelligence implementation trend. With the company's prominent reputation, which we believe to be crucial to the consulting business, and its proven ability to bring expertise to a gamut of enterprise issues, we are confident Accenture will maintain its wide economic moat and remain front and center of the IT services industry.

Wide-moat Accenture reported fiscal 2025 second-quarter revenue that surpassed both our and consensus estimates, but profitability fell short of expectations. Management updated its full-year outlook, now expecting revenue growth of 5%-7% in local currency (up from 4%-7% previously), GAAP operating margin of 15.6%-15.7% (down from 15.6%-15.8%), and GAAP diluted earnings per share to $12.55-$12.79 (up from $12.43-$12.79 previously). We attribute this mixed guidance to elevated macroeconomic uncertainty and increased government scrutiny of federal consulting contracts. We have tempered our near- to medium-term top-line forecasts to reflect a slowdown in growth due to federal contract withdrawals, but our longer-term revenue growth remains intact. As a result, we decreased our fair value estimate to $318 from $323. Shares were down 7% in March 20 intraday trading due to the profitability miss and fears around lowered federal revenue. We view shares as fairly valued. We anticipate that most government contracts will still be “mission critical” and therefore not canceled, but if more government contracts are cancelled than we expect, there would be additional modest downside to our estimates.

Accenture is one of the largest IT services companies in the world, providing both consulting and outsourcing capabilities. We think that Accenture’s growth will remain healthy thanks to the persistence of digital transformation trends along with a long-tailed AI implementation trend. With the company's prominent reputation, which we believe to be crucial to the consulting business, and its proven ability to bring expertise to a gamut of enterprise issues, we are confident Accenture will maintain its wide economic moat and remain front and center of the IT services industry.

Wide-moat Accenture reported solid fiscal 2025 first-quarter results, with both revenue and profitability surpassing our estimates and FactSet consensus. Management updated its full-year outlook for fiscal 2025, now expecting revenue growth of 4%-7% in local currency (up from 3%-6% previously). GAAP operating margin guidance remains in the range of 15.6%-15.8%, but GAAP-diluted EPS is now expected to be between $12.43-$12.79 due to foreign exchange headwinds.

Accenture is one of the largest IT services companies in the world, providing both consulting and outsourcing capabilities. We think that Accenture’s growth will remain healthy thanks to the persistence of digital transformation trends along with a long-tailed AI implementation trend. With the company's prominent reputation, which we believe to be crucial to the consulting business, and its proven ability to bring expertise to a gamut of enterprise issues, we are confident Accenture will maintain its wide economic moat and remain front and center of the IT services industry.

Accenture is one of the largest IT-services companies in the world, providing both consulting and outsourcing capabilities. We think that Accenture’s growth will remain at a healthy and gradual pace, thanks to the persistence of digital transformation trends. With the company's prominent reputation, which we believe to be crucial to the consulting business, and its proven ability to bring expertise to a gamut of enterprise issues, we are confident Accenture will maintain its wide economic moat.