Summary by Futu AI
Accenture reported strong Q1 FY25 results, with revenues increasing 9% to $17.7 billion and diluted EPS rising 16% to $3.59. New bookings reached $18.7 billion, up 1% YoY. The company saw growth across all geographic markets, with Americas revenue up 11% in local currency, EMEA up 6%, and Asia Pacific up 4%.Operating margin improved to 16.7%, compared to 15.8% in Q1 FY24. The workforce expanded to 799,000, up from 743,000 a year ago. Accenture continued to invest in strategic priorities, including cloud, data, and AI-led digital transformations, while clients focused on cost savings and operational resilience initiatives.Looking ahead, Accenture faces economic uncertainties and slower client spending on smaller contracts. However, the company remains well-positioned with its strong balance sheet, including $8.3 billion in cash and cash equivalents. Accenture plans to continue its share repurchase program, demonstrating confidence in its long-term prospects despite the challenging macroeconomic environment.