Accenture posts $17.7Bn Q1 FY25 revenue from consulting, managed services growth
NEW YORK, UNITED STATES — Accenture delivered a solid performance in the first quarter of fiscal 2025, reporting revenues of $17.7 billion, a 9% increase in U.S. dollars and 8% in local currency compared to the same quarter last year.
The growth was driven by strong contributions from both consulting, which generated $9.0 billion, and managed services, which brought in $8.6 billion.
Julie Sweet, Chair and CEO of Accenture, highlighted the company’s strategic focus: “Our strategy to lead reinvention for clients while continuing to invest in our business has given us a strong start to fiscal 2025.”
Generative AI boosts new bookings
New bookings for the quarter totaled $18.7 billion, reflecting a modest 1% increase from the prior year. A significant portion of this came from generative AI-related projects, which accounted for $1.2 billion in new bookings.
This underscores Accenture’s leadership in helping clients harness emerging technologies to drive innovation.
Profitability improves with higher margins
Accenture’s GAAP operating margin rose to 16.7%, up 90 basis points year-over-year. Diluted earnings per share (EPS) climbed by 16% to $3.59, supported by higher revenues and a lower effective tax rate.
The company also reported net income of $2.3 billion for the quarter, up from $2.0 billion in Q1 FY24.
Growth across regions and industries
The Americas generated $8.73 billion in revenue, reflecting 9% growth, followed by EMEA (Europe, Middle East, and Africa) with $6.41 billion (10% growth) and Asia Pacific with $2.54 billion (6% growth).
Health & public service achieved the strongest growth at 13%, closely followed by products at 12%. Other sectors, including communications, media & technology, and financial services, also reported steady increases.
Upgraded full-year outlook
Accenture raised its fiscal 2025 revenue growth forecast to 4%-7% in local currency, reflecting confidence in its business momentum despite an anticipated negative foreign exchange impact of 0.5%.
The company also expects GAAP EPS for FY25 to range between $12.43 and $12.79.
Commitment to shareholders
The company continued its shareholder returns policy, declaring a quarterly cash dividend of $1.48 per share—a 15% increase from last year—and repurchasing shares worth $898 million during the quarter.
With strong results across segments and markets, Accenture’s Q1 FY25 performance reinforces its position as a leader in digital transformation and innovation services globally.
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