Accenture (ACN) Revenue — Quarter Ended Feb 28, 2023
Revenue increased for the quarter, rising modestly from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue also showed growth, though the rate of change from that prior-year period moderated relative to recent trends.
Key takeaway
Quarter ended Feb 28, 2023 · FY2023 Q2
Revenue increased for the quarter, rising modestly from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue also showed growth, though the rate of change from that prior-year period moderated relative to recent trends.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$15.8B
Revenue reported for this quarter.
Quarter-over-quarter
+0.4%
Change from the immediately preceding quarter.
Year-over-year
+5.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$63.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| May 31, 2022 | $16.2B | +21.8% |
| Aug 31, 2022 | $15.4B | +14.9% |
| Nov 30, 2022 | $15.7B | +5.2% |
| Feb 28, 2023 | $15.8B | +5.1% |
Revenue performance
The reported revenue direction is positive, with an increase from the prior quarter and a larger gain versus the same quarter last year.
Quarterly comparison
Revenue was higher than both the immediately preceding quarter and the same quarter one year earlier. The sequential improvement was modest, while the year-over-year comparison reflected a more notable increase.
What to watch
The filing context notes that cash and cash equivalents decreased from the prior fiscal year-end, with net cash used in financing activities and investing outflows affecting overall liquidity.