Accenture (ACN) Revenue — Quarter Ended May 31, 2024
Revenue increased from the prior quarter but declined compared to the same quarter last year. The sequential growth reversed a slight decrease in the previous quarter, while the year-over-year decline reflects a challenging comparison.
Key takeaway
Quarter ended May 31, 2024 · FY2024 Q3
Revenue increased from the prior quarter but declined compared to the same quarter last year. The sequential growth reversed a slight decrease in the previous quarter, while the year-over-year decline reflects a challenging comparison.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.5B
Revenue reported for this quarter.
Quarter-over-quarter
+4.2%
Change from the immediately preceding quarter.
Year-over-year
-0.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$64.5B
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, 2023 | $16B | +3.6% |
| Nov 30, 2023 | $16.2B | +3.0% |
| Feb 29, 2024 | $15.8B | -0.1% |
| May 31, 2024 | $16.5B | -0.6% |
Revenue performance
Compared to the immediately preceding quarter, revenue rose, marking a recovery from the prior period's decline. However, compared to the same quarter one year earlier, revenue fell.
Quarterly comparison
The current quarter's revenue performance shows a sequential increase but a year-over-year decrease. This follows a pattern of fluctuating quarterly results, with the most recent quarter rebounding after a dip.
What to watch
The company's increased spending on business acquisitions, as highlighted in the filing, may influence future revenue trends.