Accenture reported a 6% rise in fourth-quarter revenue to $18.68 billion, driven by growth across all geographic markets and client industries. The company's results exceeded Wall Street expectations, with earnings per share of $3.29 surpassing analyst estimates of $3.18. New bookings increased 4% to $22.17 billion.
For the full year ahead, Accenture guided for revenue growth of 3% to 6% in local currency and earnings per share between $14.39 and $14.81. The stock gained 10% to $202.45 in premarket trading on Thursday. As of Wednesday's market close, shares were down 32% year to date.
Accenture recorded higher revenue across each geographic market and industry group, with particularly strong performance in communications, media and technology sectors.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing