Time: 2024-09-26
Nasdaq-list information_technology services supplier Accenture has raise its annual gross growth prognosis to 3-6% for 2025. The company expect this growth due to improvement in the macroeconomic environment and the Holocene interest rate cut by the US Federal Reserve. However, the prognosis falls slightly below Wall Street estimate, as Accenture follow a September-August fiscal year.
In the fourth one-fourth, Accenture report a gross of 6.4 billion, a 3 percentage addition from the previous year. For the stallion year, the gross reach 4.9 billion, marker a 1 percentage addition year-on-year. The operate margin for the fourth one-fourth was 15%, which worsen sequentially by 130 footing point, while the full_moon-year operate margin stand at 15.5%. Accenture also have new engagement of 0.1 billion for the fourth one-fourth and a record high of 1.2 billion for the full_moon year. The company proverb Generative AI new engagement of billion for the one-fourth and billion for the full_moon year, emphasizing the importance of this transformative technology.
Accenture's CEO, Julie Sweet, foreground the company's leadership in Generative AI, with the belief that it will be the most transformative technology of the following decade. Despite facing challenge, Accenture and Tata Consultancy Services ( TCS ) are the lone two major information_technology firm that have report gross from this emerge technology.
Geographically, Accenture's quarterly gross in North America increase by 5% to.97 billion, while gross from Europe, the Middle East, and Africa rose by 2% to.64 billion. gross from other market also proverb a 3% addition. In footing of vertical, the merchandise business turn by 4% to.95 billion in Q4, while the health & populace service vertical proverb a 10% change to.61 billion year-on-year. However, the fiscal services vertical fight, decrease by 5% to.87 billion.
Accenture's performance is crucial for the Indian information_technology sector as it supply penetration into the industry's expect result. With a significant work_force establish in India, Accenture's consequence often serve as an index of wide tendency and potential result within the Indian information_technology sector. The approaching net_income season for fiscal year 2024-25 will kick off on October 10 with Tata Consultancy Services ( TCS ), shedding light on the overall industry performance.
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