FINANCIAL
Total revenues
$15.8B
flat in local currency and USD
New bookings
$21.6B
a 1.4 book-to-bill
2% decrease in local currency and USD
Geographic markets
(Revenues and growth in local currency**)
North America
0%
$7.4B
EMEA
2%
$5.6B
Growth Markets
6%
$2.8B
Industry groups
(Revenues and growth in local currency**)
Communications,
Media & Technology
7%
$2.7B
Financial
Services
6%
$2.8B
Health &
Public Service
10%
$3.3B
Products
0%
$4.8B
Resources
4%
$2.2B
EPS (Adjusted)
$2.77
3% increase*
*After adjusting Q2 FY24 GAAP EPS of $2.63 and Q2 FY23 GAAP EPS of $2.39 to exclude business optimization costs of $0.14 per share $0.30 per share, respectively. On a GAAP basis Q2 FY24 EPS increased 10%.
Operating margin (Adjusted)
13.7%
10 bps decrease*
*After adjusting Q2 FY24 GAAP operating margin of 13.0% and Q2 FY23 GAAP operating margin of 12.3% to exclude business optimization costs of 70 bps and 150 bps, respectively. On a GAAP basis Q2 FY24 operating margin increased 70 bps.
Free cash flow
$2.0B
Share repurchases
$1.3B
Dividends paid
$813M
Quarterly cash dividend
$1.29
Increase of $0.17 per share or 15% over the quarterly dividend rate in fiscal year 2023
For full financial data, non-GAAP financial disclosure and cautionary language regarding forward-looking statements, please refer to Accenture’s fiscal year 2024 second quarter news release on March 21, 2024, which accompanies this presentation and is available at investor.accenture.com
Services
Revenue growth in local currency
| Strategy & Consulting | low single-digit decline |
| Technology | low single-digit growth |
| Operations | low single-digit decline |
Highlights of Strategic Priorities
Revenue growth in local currency
(includes overlap)
| Cloud high single-digit growth | Song low single-digit growth |
| Industry X double-digit growth | Security very strong double-digit growth |
**Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market.
To learn more about how we create value for all the stakeholders we serve, please visit the Accenture 360° Value Reporting Experience (www.accenture.com/reportingexperience). Accenture discloses information about its Services and Strategic Priorities to provide additional insights into the company’s business. Revenues for Services and Strategic Priorities are approximate and may be modified to reflect periodic changes in definitions. Judgment is required to allocate revenues for client arrangements with multiple offerings into individual Services. Revenues for Strategic Priorities overlap so revenues for the same client arrangement may be included in multiple Strategic Priorities. For full financial data, non-GAAP financial disclosure and cautionary language regarding forward-looking statements, please refer to Accenture’s fiscal year 2024 first quarter news release on December 19, 2023, which accompanies this presentation and is available at investor.accenture.com.
Total revenues
$32.0B
a 1% increase in local currency and USD
New bookings
$40.0B
a 1.2 book-to-bill
4% increase in local currency and USD
Geographic markets
(Revenues and growth in local currency**)
North America
1%
$14.9B
EMEA
0%
$11.4B
Growth Markets
5%
$5.7B
Industry groups
(Revenues and growth in local currency**)
Communications,
Media & Technology
9%
$5.3B
Financial
Services
3%
$5.8B
Health &
Public Service
11%
$6.7B
Products
1%
$9.6B
Resources
5%
$4.5B
EPS (Adjusted)
$6.04
5% increase*
*After adjusting Q2 YTD FY24 GAAP EPS of $5.73 and Q2 YTD FY23 GAAP EPS of $5.47 to exclude business optimization costs of $0.30 per share in each year. On a GAAP basis Q2 YTD FY24 EPS increased 5%.
Operating margin (Adjusted)
15.2%
Flat*
*After adjusting Q2 YTD FY24 GAAP and Q2 YTD FY23 GAAP operating margin of 14.4% to exclude business optimization costs of 80 bps in each year. On a GAAP basis Q2 YTD FY24 operating margin was flat.
Free cash flow
$2.4B
Share repurchases
$2.5B
Dividends paid
$1.6B
Quarterly cash dividend
$2.58
Increase of 15% over the quarterly dividend rate in fiscal year 2023
For full financial data, non-GAAP financial disclosure and cautionary language regarding forward-looking statements, please refer to Accenture’s fiscal year 2024 first quarter news release on March 21, 2024, which accompanies this presentation and is available at investor.accenture.com
Services
Revenue growth in local currency
| Strategy & Consulting | low single-digit decline |
| Technology | low single-digit growth |
| Operations | flat |
Highlights of Strategic Priorities
Revenue growth in local currency
(includes overlap)
| Cloud double-digit growth | Song high single-digit growth |
| Industry X double-digit growth | Security very strong double-digit growth |
**Effective September 1, 2023, we revised the reporting of our geographic markets for the movement of our Middle East and Africa market units from Growth Markets to Europe, and the Europe market is now referred to as our EMEA (Europe, Middle East and Africa) geographic market.
To learn more about how we create value for all the stakeholders we serve, please visit the Accenture 360° Value Reporting Experience (www.accenture.com/reportingexperience). Accenture discloses information about its Services and Strategic Priorities to provide additional insights into the company’s business. Revenues for Services and Strategic Priorities are approximate and may be modified to reflect periodic changes in definitions. Judgment is required to allocate revenues for client arrangements with multiple offerings into individual Services. Revenues for Strategic Priorities overlap so revenues for the same client arrangement may be included in multiple Strategic Priorities. For full financial data, non-GAAP financial disclosure and cautionary language regarding forward-looking statements, please refer to Accenture’s fiscal year 2024 first quarter news release on December 19, 2023, which accompanies this presentation and is available at investor.accenture.com.
Total revenues
$64.1B
Increase of 8% in local currency and 4% USD
New bookings
$72.2B
Book-to-bill 1.1
5% increase in local currency and 1% increase in USD
Geographic markets
(Revenues and growth in local currency*)
North America
4%
$30.3B
Europe
11%
$21.3B
Growth Markets
12%
$12.5B
Industry groups
(Revenues and growth in local currency*)
Communications, Media & Technology
3%
$11.5B
Financial
Services
7%
$12.1B
Health &
Public Service
14%
$12.6B
Products
9%
$19.1B
Resources
15%
$8.9B
*Financial results “in local currency” are calculated by restating current period activity into U.S. dollars using the comparable prior-year period’s foreign currency exchange rates. For full financial data, non-GAAP financial disclosure and cautionary language regarding forward-looking statements, please refer to Accenture’s fiscal year 2023 fourth quarter news release on September 28, 2023, which accompanies this presentation and is available at investor.accenture.com..
EPS (Adjusted)
$11.67
9% increase*
*After adjusting full-year FY23 GAAP EPS of $10.77 to exclude the impact of business optimization costs of $1.28 per share and an investment gain of $0.38 per share. On a GAAP basis full-year FY23 EPS increased 1%.
Operating margin (Adjusted)
15.4%
20 bps increase*
*After adjusting full-year FY23 GAAP operating margin of 13.7% to exclude business optimization costs of 170 bps. On a GAAP basis, full-year FY23 operating margin decreased 150 bps.
Returning cash to shareholders
Free
cash flow
$9.0B
Free cash flow to net income ratio of 1.3
Total cash
returned
$7.2B
Share
repurchases
$4.3B
Cash
dividends paid
$2.8B
$4.48 per share, a 15% increase over prior-year dividends paid
Services
Approximate FY23 Revenues
Highlights of Strategic Priorities
Approximate FY23 Revenues
(includes overlap)
Accenture discloses information about its Services and Strategic Priorities to provide additional insights into the company’s business. Revenues for Services and Strategic Priorities are approximate and may be modified to reflect periodic changes in definitions. Judgment is required to allocate revenues for client arrangements with multiple offerings into individual Services. Revenues for Strategic Priorities overlap so revenues for the same client arrangement may be included in multiple Strategic Priorities. For full financial data, non-GAAP financial disclosure and cautionary language regarding forward-looking statements, please refer to Accenture’s fiscal year 2023 fourth quarter news release on September 28, 2023, which accompanies this presentation and is available at investor.accenture.com.