Sees FY adj EPS 11.85-12.00 usd (Il Sole 24 Ore Radiocor) - New York, 20 Jun - The US consultancy Accenture said that in the third quarter ended May 31 reported earnings per share fell 3% year on year to 3.04 dollars while adjusted EPS of slipped 2% to 3.13 dollars.

Revenue totalled 16.5 billion dollars, up 1% in dollars and down 1.4% in local currency, with consulting revenue of 8.5 billion and managed services revenues of 8.0 billion The operating margin widened 1.8 percentage points to 16.0% and adjusted operating margin expanded 0.10 percentage points to 16.4%.

New bookings reached 21.1 billion dollars, up a reported 22% and 26% in local currency. Generative AI new bookings were over 900 million dollars for a total of 2 billion in the first nine months.

Accenture now expects full-year revenue growth of 1.5-2.5% in local currency. Reported EPS is forecast at 11.29-11.44 dollars and adjusted EPS at 11.85-12.00 dollars. It continues to expect a reported operating margin of 14.8%, an adjusted operating margin of 15.5% and free cash flow of 8.7-9.3 billion dollars.

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(RADIOCOR) 20-06-24 19:09:05 (0679) 5 NNNN