Accenture (ACN) Revenue — Quarter Ended Aug 31, 2023
Revenue declined from the prior quarter but rose compared to the same quarter one year earlier. The sequential decrease follows a pattern of quarterly fluctuation seen throughout the fiscal year.
Key takeaway
Quarter ended Aug 31, 2023 · FY2023 FY
Revenue declined from the prior quarter but rose compared to the same quarter one year earlier. The sequential decrease follows a pattern of quarterly fluctuation seen throughout the fiscal year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
+3.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$64.1B
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 |
|---|---|---|
| Nov 30, 2022 | $15.7B | +5.2% |
| Feb 28, 2023 | $15.8B | +5.1% |
| May 31, 2023 | $16.6B | +2.5% |
| Aug 31, 2023 | $16B | +3.6% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter, reversing the prior quarter's sequential gain.
Quarterly comparison
Compared with the same quarter one year ago, revenue increased. The trailing twelve-month revenue also exceeded the current quarter's annualized figure, indicating overall growth over the past year.
What to watch
The quarter's sequential decline warrants attention, especially given the company's active share repurchase program during the same period.