Accenture (ACN) Revenue — Quarter Ended May 31, 2023
Revenue increased for the quarter, continuing the upward trajectory from prior periods. Growth was moderate compared to both the immediately preceding quarter and the same quarter a year ago.
Key takeaway
Quarter ended May 31, 2023 · FY2023 Q3
Revenue increased for the quarter, continuing the upward trajectory from prior periods. Growth was moderate compared to both the immediately preceding quarter and the same quarter a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.6B
Revenue reported for this quarter.
Quarter-over-quarter
+4.7%
Change from the immediately preceding quarter.
Year-over-year
+2.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$63.6B
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 |
|---|---|---|
| Aug 31, 2022 | $15.4B | +14.9% |
| Nov 30, 2022 | $15.7B | +5.2% |
| Feb 28, 2023 | $15.8B | +5.1% |
| May 31, 2023 | $16.6B | +2.5% |
Revenue performance
The reported revenue was higher than in the immediately preceding quarter, reflecting sustained sequential improvement.
Quarterly comparison
Revenue also exceeded the level reported in the same quarter one year earlier, marking a slower pace of year-over-year growth compared to prior quarters in the fiscal year.
What to watch
Revenue growth rate decelerated sequentially, warranting attention to demand trends in the coming quarters.