IT service provider company Accenture has released its fourth quarter results. The company's dollar income has seen a 3 percent increase over last year and with the increase, the income has reached $16.4 billion. The income for the full year increased by one percent over last year to $64.9 billion. The company considers September to August as its financial year. Along with the results, the Nasdaq-listed company has increased its annual revenue growth forecast for the financial year 2025. However, this growth forecast has been lower than market estimates.
What information did the company give?
The company has informed that it is estimated that the company's annual revenue growth for the financial year 2025 can be between 3 to 6 percent. According to the company, these estimates have been increased after the recent rate cut by the Federal Reserve with the improvement in the economy. At the same time, according to the information given by the company, the operating margin has increased from 2.30 percent to 14.3 percent. At the same time, the adjusted operating margin has increased from 0.1 percent to 15 percent. The company's new bookings are at $ 2010 million. At the same time, new bookings for the full year have been at a record level of $ 81.2 billion. Free cash flow for Q4 is at $ 320 million and free cash flow for the full year is at $ 860 million. At the same time, the company informed that the revenue growth for the financial year 2024 was 1 percent, although the growth was estimated at 1.5 to 2.5 percent. If we talk about the performance in different markets, the income in North America market has increased by 5 percent compared to last year and stood at $ 7.97 billion. Whereas the income from Europe, Middle East and Africa has increased by 2 percent to $ 5.64 billion. Income from other markets has increased by 3 percent.
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