Accenture reported a robust start to fiscal year 2025 with revenues reaching $17.7 billion, a notable increase of 9% in U.S. dollars and 8% in local currency compared to the first quarter of fiscal 2024.
The company’s GAAP diluted earnings per share (EPS) stood at $3.59, marking a 16% increase over the first quarter of fiscal 2024.
GAAP operating margin was 16.7%, an increase of 90 basis points compared to the same period last year.
New Bookings and Comparison with Previous Quarters
The company reported new bookings of $18.7 billion for the first quarter of fiscal 2025, which includes 30 client bookings of more than $100 million each.
Notably, new bookings related to generative AI reached $1.2 billion, reflecting the growing demand for AI-powered tools among clients.
Compared to the fourth quarter of fiscal 2024, Accenture’s Q1 FY25 results show a significant improvement.
The fourth quarter of fiscal 2024 saw revenues of $16.4 billion, a 3% increase in U.S. dollars and 5% in local currency.
The GAAP operating margin for Q4 FY24 was 14.3%, which has now increased to 16.7% in Q1 FY25.
Accenture Leadership Quote and and Hiring Plans 2025
Julie Sweet, Accenture’s Chair and CEO, conveyed her gratitude and optimism, noting that the company’s strategy to drive client reinvention while investing in the business has resulted in a strong start to fiscal 2025.
She highlighted the broad-based revenue growth across consulting, managed services, and all market and industry groups, leading to increased market share.
Julie expressed her appreciation on behalf of the leadership team to the nearly 799,000 Accenture employees, whose dedication to client success has made these results achievable.
Notably, in the first quarter of fiscal year 2024, Accenture had a headcount of 743,000 employees.
In the fourth quarter of fiscal year 2024, Accenture had a headcount of 774,000 employees.
By the first quarter of fiscal year 2025, the company’s workforce had grown to 799,000 employees, reflecting a significant increase in headcount over the period.
The company has reportedly added 25,000 employees to their workforce in the last quarter.
The company continues to invest in talent acquisition and development to support its expanding business operations and client needs.
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