Accenture plc stock research
FY2025 Q1
Accenture (ACN) Gross Margin — Quarter Ended Nov 30, 2024
Revenue increased from the previous quarter, and gross profit grew more than cost of revenue, leading to an improved gross margin. Compared to the same quarter a year ago, revenue and gross profit were higher, but cost of revenue grew at a faster pace, resulting in a lower gross margin.
Gross margin takeaway
Quarter ended Nov 30, 2024 · FY2025 Q1
Revenue increased from the previous quarter, and gross profit grew more than cost of revenue, leading to an improved gross margin. Compared to the same quarter a year ago, revenue and gross profit were higher, but cost of revenue grew at a faster pace, resulting in a lower gross margin.
- The primary driver of the sequential margin improvement was the slower growth in cost of revenue relative to revenue. A key item to monitor is whether this cost efficiency can be maintained.
- Gross margin improved sequentially, while it weakened compared to the same quarter last year.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
32.9%
Gross profit
$5.8B
Revenue
$17.7B
Cost of revenue
$11.9B
Quarter-over-quarter change
-0.5 pts
Year-over-year change
-0.7 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Nov 30, 2023 | $16.2B | $5.4B | $10.8B | 33.6% |
| Feb 29, 2024 | $15.8B | $4.9B | $10.9B | 30.9% |
| May 31, 2024 | $16.5B | $5.5B | $11.0B | 33.4% |
| Nov 30, 2024 | $17.7B | $5.8B | $11.9B | 32.9% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
May 31, 2024
-0.5 pts
Year-over-year change
Nov 30, 2023
-0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary driver of the sequential margin improvement was the slower growth in cost of revenue relative to revenue. A key item to monitor is whether this cost efficiency can be maintained.
Gross margin improved sequentially, while it weakened compared to the same quarter last year.
Monitor the trend of cost of revenue relative to revenue growth.