Accenture Q3 Review | Accenture Lowers FY23 Revenue Growth Range | ET Now
Accenture reported a muted Q3 earnings .Revenues came at $16.6 billion, an increase of 3% in U.S. dollars and 5% in local currency. Operating margin is 14.2% compared to 16.1% in the third quarter of fiscal 2022. FY Growth Guidance cut from 8-10% to 8-9%, margins seen at 14.2%. New bookings drop to $17bn vs over $22bn QoQ and book to Bill came down to 1x vs 1.4x QoQ. BFSI up 5% YoY, North America up 2% YoY and Consulting down 4% YoY.
#Q3 #accenture #etnow
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