Accenture beats Street estimates, posts USD 17.7 billion revenue in Q1

BENGALURU: IT service provider Accenture has beat Street estimates and posted USD 17.7 billion revenues in the first quarter ended November 2024. This is an increase of 9 per cent in US dollars and 8 per cent in local currency compared to the first quarter of fiscal 2024.

It expects revenues for the second quarter of fiscal 2025 to be in the range of USD 16.2 billion to USD 16.8 billion, or 5 per cent to 9 per cent growth in local currency. For fiscal 2025, the company raises revenue growth to be in the range of 4 per cent to 7 per cent in local currency, compared to 3 per cent to 6 per cent previously.