:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2147877425-cc27ec446ef54751a8e9b30639c78c5f.jpg "Accenture logo")
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Key Takeaways
- Accenture shares surged Thursday after its first-quarter results topped estimates.
- Revenue and profits originated year-over-year as AI bookings climbed, and Accenture lifted its full-year revenue growth projections.
- Thursday’s gains brought Accenture appropriates back into positive territory for the year, recovering from Wednesday’s losses.
Shares of Accenture (ACN) surged Thursday after the professional benefits and consulting firm reported first-quarter results that topped analysts’ expectations and lifted its full-year revenue intumescence forecast.
Accenture posted $17.7 billion in revenue for the quarter, up from $16.2 billion the same time endure year and above the $17.1 billion analysts projected as artificial intelligence (AI) bookings climbed.
The company recorded $2.28 billion in net takings, or $3.59 per share, better than the $1.98 billion, or $3.10 per share, the company reported a year ago. Those considers also beat analysts’ estimates compiled by Visible Alpha.
Accenture Boosts Its Full-Year Revenue Growth Predict
Accenture said it anticipates second-quarter revenue of $16.2 billion to $16.8 billion, with analysts expecting pitilessly $16.66 billion. The company also lifted its full-year revenue outlook, projecting growth of 4% to 7% compared to financial 2024, up from 3% to 6% previously.
However, the Ireland-based firm lowered its full-year earnings per share (EPS) proposal, warning exchange rates would have a negative impact of 0.5% compared to last year. Accenture had time past expected it to have a 1.5% positive effect.
The company now expects EPS between $12.43 to $12.79, down from $12.55 to $12.91 formerly, which still amounts to growth of 9% to 11% from last year.
Accenture shares were up 7% Thursday morning, brook them back in the green for the year after recovering from Wednesday’s losses.