Accenture (ACN) Revenue — Quarter Ended Aug 31, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Key takeaway
Quarter ended Aug 31, 2024 · FY2024 FY
Revenue for the quarter decreased compared to the immediately preceding quarter but increased relative to the same quarter one year earlier. The sequential decline contrasts with the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$16.4B
Revenue reported for this quarter.
Quarter-over-quarter
-0.4%
Change from the immediately preceding quarter.
Year-over-year
+2.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$64.9B
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, 2023 | $16.2B | +3.0% |
| Feb 29, 2024 | $15.8B | -0.1% |
| May 31, 2024 | $16.5B | -0.6% |
| Aug 31, 2024 | $16.4B | +2.6% |
Revenue performance
The reported revenue direction reflects a modest decline from the prior quarter, while the trailing twelve-month revenue remained above the level of the prior fiscal year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. However, compared with the same quarter one year earlier, revenue was higher.
What to watch
The company continued its share repurchase activity during the quarter, as disclosed in the filing.