Accenture PLC Reports Q4 Earnings for FY2023, Ending August 31 2023
September 29, 2023
🌥️Earnings Overview
On September 28 2023, Accenture ($NYSE:ACN) PLC reported its FY2023 fourth quarter earnings results for the period ending August 31 2023. Total revenue came to USD 16.0 billion, a 3.7% increase compared to the same quarter of last year. Net income, however, decreased by 18.0% to USD 1.4 billion year-on-year.
Price History
The stock opened at $301.8 and closed at $300.8, down by 4.3% from the previous day’s closing price of 314.4. Despite the impressive growth, Accenture’s share price dropped 4.3%, due to concerns over the company’s inability to surpass analyst expectations for its Q4 earnings. Accenture also managed to raise its FY2023 forecast outlook for revenues and operating income, providing a positive outlook for investors and shareholders alike.
Overall, Accenture PLC reported strong Q4 earnings for FY2023, despite a 4.3% decline in its stock price due to a lower than expected EPS. The company’s future growth appears to be on track, as evidenced by its revenue forecast and positive outlook for shareholders. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Accenture Plc. More…
| Total Revenues | Net Income | Net Margin |
| 64.11k | 6.87k | 10.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Accenture Plc. More…
| Operations | Investing | Financing |
| 9.52k | -2.62k | -5.65k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Accenture Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 51.25k | 24.79k | 40.73 |
Key Ratios Snapshot
Some of the financial key ratios for Accenture Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.1% | 10.6% | 14.3% |
| FCF Margin | ROE | ROA |
| 14.0% | 22.5% | 11.2% |
Analysis
As part of GoodWhale’s wellbeing analysis of ACCENTURE PLC, we have concluded that the company has a reliable and high health score of 10/10. Our Star Chart assessment takes into account cashflows and debt of the company, and we can confidently say that ACCENTURE is able to safely ride out any crisis without the risk of bankruptcy. Furthermore, we have classified ACCENTURE PLC as a ‘gorilla’, meaning that the company has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes the company an attractive prospect for investors, as it is strong in asset, dividend, growth, and profitability. Consequently, we recommend that investors look into ACCENTURE PLC for potential investment opportunities. More…
Peers
In the business world, there is intense competition between Accenture PLC and its competitors: Northking Information Technology Co Ltd, PT Indosterling technomedia Tbk, ASGN Inc. Each company is striving to be the best in the industry, and they are all fighting for market share. This competition is good for consumers because it drives innovation and keeps prices down. It is also good for the economy because it encourages companies to invest in new technologies and create new jobs.
– Northking Information Technology Co Ltd ($SZSE:002987)
Northking Information Technology Co Ltd, a Chinese company, has a market cap of 9.66B as of 2022. The company focuses on the development and sale of software products and services. It has a Return on Equity of 6.75%. Northking’s products include operating systems, databases, middleware, and applications.
– PT Indosterling technomedia Tbk ($IDX:TECH)
PT Indosterling technomedia Tbk is a leading provider of information technology services in Indonesia. The company has a market cap of 6.28T as of 2022 and a return on equity of 6.35%. PT Indosterling technomedia Tbk provides a wide range of services including software development, web design and development, e-commerce solutions, and system integration. The company has a strong client base in the banking, financial services, and telecommunications sectors.
– ASGN Inc ($NYSE:ASGN)
ASGN Inc is a leading provider of comprehensive staffing solutions in the United States. They offer a full range of staffing services, including temporary and permanent placement, professional search, and consulting. ASGN Inc has a market cap of 4.85B as of 2022, a Return on Equity of 13.63%. ASGN Inc’s staffing solutions help businesses of all sizes meet their hiring needs. Their comprehensive staffing services include temporary and permanent placement, professional search, and consulting. ASGN Inc is a publicly traded company listed on the New York Stock Exchange (NYSE: ASGN).
Summary
ACCENTURE PLC reported its Q4 FY2023 financial results on September 28, with revenue increasing 3.7% y-o-y to USD 16 billion. Even though net income decreased 18.0% y-o-y to USD 1.4 billion, the market reacted negatively and ACCENTURE PLC’s stock price moved down the same day. Investors should consider the long-term outlook of ACCENTURE PLC, given the company’s strong track record of consistent growth over the past few years. Additionally, investors should pay attention to cost-control measures and management’s approach to mitigating risks, as well as strategic investments in emerging technologies such as artificial intelligence and cloud computing.
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