• Latest
  • Trending
Accenture posts Q3 revenue of $16.5 bn, revises revenue guidance downwards for whole fiscal

Accenture posts Q3 revenue of $16.5 bn, revises revenue guidance downwards for whole fiscal

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

Hiring declines in Indian IT as layoffs increase worldwide

Hiring declines in Indian IT as layoffs increase worldwide

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

Defence Production Dept. strengthens ties with Karnataka to boost manufacturing

xAI launches Grok Code Fast 1 to compete in AI coding

xAI launches Grok Code Fast 1 to compete in AI coding

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

Google Cloud brings Gemini AI to all platforms, boosts enterprise AI in Singapore

New AI tool from OpenAI can write and fix code

New AI tool from OpenAI can write and fix code

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

ADIO partners with Ant International to boost Abu Dhabi’s fintech ecosystem

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Cognizant and Eagle Eye partner for AI-Powered loyalty solutions

Nvidia hits $4 trillion as AI demand surges

Nvidia hits $4 trillion as AI demand surges

India’s top export destinations: how trade tells the story of global alliances

Data Story: India faces the highest US tariff in Asia

Saturday, August 30, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

Accenture posts Q3 revenue of $16.5 bn, revises revenue guidance downwards for whole fiscal

in Technology
Reading Time: 2 mins read
0
Accenture posts Q3 revenue of $16.5 bn, revises revenue guidance downwards for whole fiscal
Share on FacebookShare on Twitter

DBT Bureau

Bengaluru, 20 June

RelatedPosts

OpenText study reveals MSPs can gain 6.7x ROI with Secure Cloud platform

PwC’s latest M&A technology platform reimagines the way clients do deals

HCLTech named a Workday Sales Partner

Accenture posted a largely inline third quarter performance as it clocked a revenue of $16.5 billion for Q3 ended May, which was a decline of 1%from the year-ago period.

The NYSE-listed IT major clocked a consulting revenue of $8.46 billion, a decrease of 3%, while its managed services revenue for the quarter were at $8.01 billion, an increase of 2% during this period. The company follows September-August financial year cycle.

During the quarter, Accenture witnessed improvements in its operating margins as compared to last year. Its GAAP operating margin reached 16%, marking an increase of 180 basis points year-on-year basis.

However, the company lowered the upper end of its revenue guidance for the ongoing fiscal year. The IT major expects its revenue growth to be in the range of 1.5% to 2.5%, compared to 1-3% earlier.

For the fourth quarter, Accenture expects revenue to be in the range of $16.05 billion to $16.65 billion, translating into a growth of 2% to 6% in local currency.

During the third quarter, the deal bookings showed a robust pipeline. Its new bookings were at $21.1 billion, an increase of 22% over the past year, the company said in its earnings release.

“Our actions to stay laser-focused on the needs of our clients are clear in our third quarter results. We achieved strong new bookings of over $21 billion, up 22% over last year, and continued to accelerate our strategy to be the reinvention partner of choice, with another 23 clients with quarterly bookings of over $100 million, bringing the total of such bookings to 92 year-to-date. We also achieved two significant milestones this quarter — with $2 billion in Generative AI sales year-to-date and $500 million in revenue year-to-date – which demonstrate our early lead in this critical technology,” Julie Sweet, chair and CEO, Accenture said.

The demand environment remained tepid as the company saw de-growth in the financial services and communications, media & technology verticals. While communications, media & technology clocked a revenue of $2.76 billion, a decline of 4%, financial services vertical declined 8% to $2.89 billion during the quarter. Its health and public service revenue was at $3.52 billion, an increase of 8% over the same period last year.

Related Posts

OpenText study reveals MSPs can gain 6.7x ROI with Secure Cloud platform

OpenText study reveals MSPs can gain 6.7x ROI with Secure Cloud platform

0

DBT Bureau Pune, 19 August 2025 OpenText™ announced new findings that show partners leveraging OpenText Cybersecurity SMB solutions and its...

PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

0

DBT Bureau Pune, 1 August 2025 PwC and its alliance partner, Harvey, have extended access to their latest co-developed technology,...

HCLTech named a Workday Sales Partner

HCLTech named a Workday Sales Partner

0

DBT Bureau Pune, 9 July 2025 HCLTech, a global technology company, announced it has been named a Workday partner. This...

DCNT Global launches 3GWh battery storage plant in Pune

DCNT Global launches 3GWh battery storage plant in Pune

0

DBT Bureau Pune, 7 July 2025 DCNT Global, a leader in innovative energy and data center solutions, announced that it...

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model
Business

O2 Telefónica, Tech Mahindra & NVIDIA launch Large Telco Model

0

DBT Bureau Pune, 29 August 2025 O2 Telefónica Germany will launch its Large Telco Model (LTM) to strengthen the Service...

Read moreDetails
Fusion CX expands in India with new 350-seat delivery center in Bengaluru
Media Release

Fusion CX expands in India with new 350-seat delivery center in Bengaluru

0

DBT Bureau Pune, 29 August 2025 Fusion CX, a global leader in customer experience (CX) and business process management, has...

Read moreDetails
Galaxy Tab S10 Lite: A value-packed tablet for everyday needs
Mobile

Galaxy Tab S10 Lite: A value-packed tablet for everyday needs

0

Immersive display: A 10.9-inch screen with Vision Booster and up to 600 nits peak brightness delivers vibrant viewing indoors and...

Read moreDetails
Hiring declines in Indian IT as layoffs increase worldwide
Tech

Hiring declines in Indian IT as layoffs increase worldwide

0

Athira Sethu Kochi, 29 August 2025 In 2025, numerous individuals across the globe have lost employment in the tech industry....

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?