Yahoo Finance Accenture Third Quarter 2024 Earnings: In Line With Expectations
Accenture (NYSE:ACN) Third Quarter 2024 Results
Key Financial Results
Revenue: US$16.5b (flat on 3Q 2023).
Net income: US$1.93b (down 3.9% from 3Q 2023).
Profit margin: 12% (in line with 3Q 2023).
EPS: US$3.08 (down from US$3.18 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Accenture Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are up 7.8% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 1 warning sign for Accenture that you need to be mindful of.
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