Accenture Q3 revenue rises 8% to $17.7 billion; raises FY25 growth guidance

[human1234]

Accenture Q3 revenue rises 8% to $17.7 billion; raises FY25 growth guidance

 

https://www.cnbctv18.com/market/earnings/accenture-q3-earnings-revenue-rises-8-pc-to-usd-17-7-billion-raises-fy25-guidance-deals-ws-l-19624361.htm/amp

[human1234]

There is no recession. All fear mongering. Only IT job market is slow.

[nokia123]

55 minutes ago, human1234 said:

Accenture Q3 revenue rises 8% to $17.7 billion; raises FY25 growth guidance

 

https://www.cnbctv18.com/market/earnings/accenture-q3-earnings-revenue-rises-8-pc-to-usd-17-7-billion-raises-fy25-guidance-deals-ws-l-19624361.htm/amp

Ayina layoffs mathram common ye 

[andhra_jp]

1 hour ago, human1234 said:

Accenture Q3 revenue rises 8% to $17.7 billion; raises FY25 growth guidance

 

https://www.cnbctv18.com/market/earnings/accenture-q3-earnings-revenue-rises-8-pc-to-usd-17-7-billion-raises-fy25-guidance-deals-ws-l-19624361.htm/amp

Shares of the company fell 2.6% in premarket trading after Accenture said new bookings decreased 6% to $19.7 billion in the third quarter.

[Chatgpt2]

36 minutes ago, andhra_jp said:

Shares of the company fell 2.6% in premarket trading after Accenture said new bookings decreased 6% to $19.7 billion in the third quarter.

 

2 hours ago, human1234 said:

Accenture Q3 revenue rises 8% to $17.7 billion; raises FY25 growth guidance

 

https://www.cnbctv18.com/market/earnings/accenture-q3-earnings-revenue-rises-8-pc-to-usd-17-7-billion-raises-fy25-guidance-deals-ws-l-19624361.htm/amp

Drop in new bookings can be a leading indicator of a possible economic slowdown or recession.

[human1234]

12 hours ago, andhra_jp said:

Shares of the company fell 2.6% in premarket trading after Accenture said new bookings decreased 6% to $19.7 billion in the third quarter.

But why did they raise their guidance?

[andhra_jp]

4 minutes ago, human1234 said:

But why did they raise their guidance?

Accenture's shares plummeted despite exceeding third-quarter revenue expectations, driven by AI-related service demand. The company faces challenges from reduced U.S. federal contracts. Consequently, Indian IT ADRs like Infosys also declined, while domestic IT stocks showed mixed performance, with gains in tier-2 companies and HCL Technologies, contrasting with losses in Infosys and LTIMindtree.

Accenture ACN -6.86% reported a drop in bookings in the latest quarter, prompting investor concern amid a more uncertain relationship with the federal government.

The 6% drop in bookings, a closely watched metric that measures future revenue based on contracts, came as the consulting firm on Friday posted higher sales and profit in the third quarter.