ACN NYSE· Accenture PLC
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ACN NYSE· Accenture PLC
Earnings report Q1 2024

Accenture's Revenue Remains Flat Amidst Competitive Business Environment

Segments of Revenue

Accenture's revenue for the latest quarter was flat in both U.S. dollars and local currency. The company saw strong revenue growth in Growth Markets, while North America remained flat and EMEA experienced a modest decline. By industry, Health & Public Service saw very strong growth, Resources had solid growth, and Products remained flat. However, declines were observed in Communications, Media & Technology and Financial Services. Consulting services saw a modest decline, while managed services saw modest growth.


Accenture demonstrated resilience in a competitive business environment, maintaining steady revenues. The company's Health & Public Service segment performed particularly well, showing strong growth. The company also saw solid growth in the Resources segment and managed to keep the Products segment flat.


Despite the overall steady performance, Accenture faced challenges in certain segments. The company experienced declines in the Communications, Media & Technology and Financial Services segments. The consulting services also saw a modest decline. The company has been experiencing lower pricing across the business, which could pose a challenge to profitability.


Accenture returned $2.1 billion to shareholders, including share purchases of $1.3 billion and dividends of $813 million. This indicates the company's commitment to shareholder returns despite the competitive business environment.


Accenture's latest quarter performance showed resilience with flat revenues amidst a competitive business environment. The company demonstrated strong performance in the Health & Public Service and Resources segments, but faced challenges in the Communications, Media & Technology and Financial Services segments. Despite these challenges, Accenture remained committed to returning value to shareholders.

Source documents

Form 10-Q  filed on Mar 21, 2024
96 pages scanned

Reference data

Company financials Q1 revenue 15.80B
Analyst estimates Q1 EPS missed by -11.51%
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