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Key Takeaways
- Accenture shares surged Thursday after its first-quarter outcomes topped estimates.
- Income and earnings grew year-over-year as AI bookings climbed, and Accenture lifted its full-year income progress projections.
- Thursday's positive aspects introduced Accenture shares again into optimistic territory for the yr, recovering from Wednesday's losses.
Shares of Accenture (ACN) surged Thursday after the skilled providers and consulting agency reported first-quarter outcomes that topped analysts’ expectations and lifted its full-year income progress forecast.
Accenture posted $17.7 billion in income for the quarter, up from $16.2 billion the identical time final yr and above the $17.1 billion analysts projected as synthetic intelligence (AI) bookings climbed.
The corporate recorded $2.28 billion in internet revenue, or $3.59 per share, higher than the $1.98 billion, or $3.10 per share, the corporate reported a yr in the past. These figures additionally beat analysts’ estimates compiled by Seen Alpha.
Accenture Boosts Its Full-Yr Income Growth Forecast
Accenture stated it anticipates second-quarter income of $16.2 billion to $16.8 billion, with analysts anticipating roughly $16.66 billion. The corporate additionally lifted its full-year income outlook, projecting progress of 4% to 7% in comparison with fiscal 2024, up from 3% to six% beforehand.
Nevertheless, the Eire-based agency lowered its full-year earnings per share (EPS) projection, warning change charges would have a detrimental affect of 0.5% in comparison with final yr. Accenture had beforehand anticipated it to have a 1.5% optimistic impact.
The corporate now expects EPS between $12.43 to $12.79, down from $12.55 to $12.91 beforehand, which nonetheless quantities to progress of 9% to 11% from final yr.
Accenture shares have been up 7% Thursday morning, placing them again within the inexperienced for the yr after recovering from Wednesday's losses.
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