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1
AccentureReportsSecond-QuarterFiscal2025Results
Accenture’sstrongQ2FY25resultsreflectbroad-basedrevenuegrowthacrossgeographicmarkets,industrygroupsandtypesofwork;Companyupdatesfiscal2025outlook
NEWYORK;March20,2025—Accenture(NYSE:ACN)reportedfinancialresultsforthesecondquarteroffiscal2025endedFebruary28,2025.
Allcomparisonsaretothesecondquarteroffiscal2024,unlessnotedotherwise.
AccentureChairandCEOJulieSweet
“OursecondquarterresultsdemonstratethatwecontinuetodeliveronourstrategytoleadreinventionforourclientsandreturntostronggrowthinFY25,withbroad-basedgrowthacrossmarkets,industries,and
thetypesofworkourclientsseekfromus.Thetrustandconfidenceinouruniquestrengthsandcapabilitiesisreflectedin32clientswithquarterlybookingsgreaterthan$100millionandweareverypleasedtohaveanothermilestonequarterinGenAIwith$1.4billioninnewbookings.Ourcontinuedgrowthismade
possiblebytheextraordinaryworkofourmorethan800,000peoplearoundtheworldwhofocusondeliveringvaluetoourclientseveryday.”
SecondQuarterFiscal2025KeyMetrics
?Newbookingsof$20.9billion,adecreaseof3%inU.S.dollarsandflatinlocalcurrency
?GenerativeAInewbookingsof$1.4billion
?Revenuesof$16.7billion,anincreaseof5%inU.S.dollarsand8.5%inlocalcurrency
?Operatingmarginof13.5%,anincreaseof50basispoints,andadecreaseof20basispointscomparedtoadjusted1operatingmargin
?Dilutedearningspershareof$2.82,a7%increase,anda2%increaseoveradjustedEPS
?Freecashflowof$2.68billion
?Quarterlycashdividendof$1.48pershare,representinga15%increase;repurchasesorredemptionsof4.0millionsharesforatotalof$1.4billion
Fiscal2025BusinessOutlookHighlights
?Companynarrowsfull-yearrevenuegrowthto5%to7%inlocalcurrency
?Continuestoexpectforeignexchangeimpactofapproximatelynegative0.5%
?Updatesoperatingmarginto15.6%to15.7%,anexpansionof10to20basispointsoveradjustedoperatingmargin
?Nowexpectsdilutedearningspersharetobeintherangeof$12.55to$12.79
1Adjustedfinancialmeasurespresentedinthisreleasearenon-GAAPfinancialmeasuresthatexcludebusinessoptimizationcostsrecordedinfiscal2024asfurtherdescribedinthisrelease.
2
Q2FY25FinancialReview
NewBookings
Newbookingsforthesecondquarteroffiscal2025were$20.91billion,adecreaseof3%inU.S.dollarsandflatinlocalcurrencycomparedtothesecondquarteroffiscal2024.
?Consultingnewbookingswere$10.47billion.
?ManagedServicesnewbookingswere$10.44billion.
Revenues
Revenuesforthesecondquarteroffiscal2025were$16.66billion,anincreaseof5%inU.S.dollarsand8.5%inlocalcurrency,andwereatthetopendofthecompany’sguidedrangeof$16.2billionto$16.8billion.Theforeign-exchangeimpactforthequarterwasapproximatelynegative3.0%,comparedwiththenegative2.5%assumptionprovidedinthecompany’sfirst-quarterearningsrelease.
RevenuesbyTypeofWork
Revenues
(inbillions)
Increase(Decrease)fromQ2FY24
U.S.Dollars
LocalCurrency
Consulting
$8.28
3%
6%
ManagedServices
$8.38
8%
11%
Total
$16.66
5%
8.5%
RevenuesbyGeographicMarket
Revenues
(inbillions)
Increase(Decrease)fromQ2FY24
U.S.Dollars
LocalCurrency
Americas2
$8.55
9%
11%
EMEA
$5.80
4%
8%
AsiaPacific2
$2.30
(3)%
1%
Total
$16.66
5%
8.5%
RevenuesbyIndustryGroup
Revenues
(inbillions)
Increase(Decrease)fromQ2FY24
U.S.Dollars
LocalCurrency
Communications,Media&Technology
$2.73
3%
6%
FinancialServices
$3.01
7%
11%
Health&PublicService
$3.61
8%
10%
Products
$5.05
6%
9%
Resources
$2.26
1%
5%
Total
$16.66
5%
8.5%
Amountsintablesmaynottotalduetorounding.
2Duringthefirstquarteroffiscal2025,ourLatinAmericamarketunitmovedfromGrowthMarketstoNorthAmerica.Withthischange,NorthAmericabecametheAmericasmarketandGrowthMarketsbecametheAsiaPacificmarket.Priorperiodamountshavebeenreclassifiedtoconformwiththecurrentperiodpresentation.
3
Q2FY25FinancialReview
OperatingMarginandOperatingIncome
?GAAPoperatingmargin(operatingincomeasapercentageofrevenues)forthequarterwas13.5%,comparedtoGAAPoperatingmarginof13.0%,andadjustedoperatingmarginof13.7%forthe
secondquarteroffiscal2024.
?GAAPoperatingincomeforthequarterincreased10%to$2.24billioncomparedwithGAAPoperatingincomeof$2.05billion,andincreased4%comparedwithadjustedoperatingincomeof$2.16billionforthesecondquarteroffiscal2024.
Grossmargin(grossprofitasapercentageofrevenues)forthequarterwas29.9%comparedto30.9%inthesecondquarteroffiscal2024.Selling,generalandadministrative(SG&A)expensesforthequarterwere$2.73billion,or16.4%ofrevenues,comparedwith$2.72billion,or17.2%ofrevenues,forthesecondquarterof
fiscal2024.
Thecompany’sGAAPeffectivetaxrateforthequarterwas20.4%,comparedwith18.4%forthesecondquarteroffiscal2024.Forthesecondquarteroffiscal2024,theadjustedeffectivetaxratewas18.8%.
GAAPnetincomeforthequarterwas$1.82billion,comparedwith$1.71billionforthesecondquarteroffiscal
2024.Forthesecondquarteroffiscal2024,adjustednetincomewas$1.80billion.
EarningsPerShare
?GAAPdilutedEPSforthequarterwere$2.82,a7%increaseover$2.63forthesecondquarteroffiscal2024.
?Excludinga$0.14decreaseforbusinessoptimizationcostsinthesecondquarteroffiscal2024,
GAAPdilutedEPSincreased2%overadjustedEPSof$2.77forthesecondquarteroffiscal2024.
YearoverYearIncreaseinDilutedEarningsPerShare
SecondQuarterFiscal2024AdjustedEPS
$2.77
Higherrevenueandoperatingresults
$0.11
Lowersharecount
$0.01
Lowernon-operatingincome
$(0.01)
Highereffectivetaxrate
$(0.06)
SecondQuarterFiscal2025GAAPEPS
$2.82
4
Q2FY25FinancialReview
CashFlow
SecondQuarterFiscal2025
(inbillions)
SecondQuarterFiscal2024
(inbillions)
OperatingCashFlow
$2.85
$2.10
Less:Property&EquipmentAdditions
$0.17
$0.11
FreeCashFlow
$2.68
$1.99
Daysservicesoutstanding,orDSOs,were48daysatFebruary28,2025,comparedwith46daysatAugust31,2024and43daysatFebruary29,2024.
Accenture’stotalcashbalanceatFebruary28,2025was$8.5billion,comparedwith$5.0billionatAugust31,2024.
Dividend
?OnFebruary14,2025,aquarterlycashdividendof$1.48persharewaspaidtoshareholdersofrecordatthecloseofbusinessonJanuary16,2025.
?Thesecashdividendpaymentstotaled$929million.
?Accentureplchasdeclaredanotherquarterlycashdividendof$1.48pershareforshareholdersofrecordatthecloseofbusinessonApril10,2025.
?Thisdividend,whichispayableonMay15,2025,representsa15%increaseoverthequarterlydividendrateof$1.29pershareinfiscal2024.
ShareRepurchaseActivity
?Duringthesecondquarteroffiscal2025,Accenturerepurchasedorredeemed4.0millionsharesforatotalof$1.4billion,includingapproximately2.4millionsharesrepurchasedintheopenmarket.
?Accenture’stotalremainingsharerepurchaseauthorityatFebruary28,2025wasapproximately$5.0billion.
?AtFebruary28,2025,Accenturehadapproximately627milliontotalsharesoutstanding.
5
BusinessOutlook
ThirdQuarterFiscal2025Outlook
Revenues
$16.9B–$17.5B
RevenueGrowth(LocalCurrency)
3%–7%
Foreign-ExchangeImpactonResults
Approximatelynegative0.5%
FullYearFiscal2025Outlook
AsofMarch20,2025
AsofDecember19,2024
RevenueGrowth(LocalCurrency)
5%–7%
4%–7%
Foreign-ExchangeImpactonResults
Approximatelynegative0.5%
Approximatelynegative0.5%
OperatingMargin
15.6%–15.7%
80–90bpsexpansionoverFY24GAAP
10–20bpsoverFY24adjustedopmargin*
15.6%–15.8%
80–100bpsexpansionoverFY24GAAP
10–30bpsoverFY24adjustedopmargin*
AnnualEffectiveTaxRate
22.5%–24.5%
22.5%–24.5%
DilutedEarningsPerShare
$12.55–$12.79
10%–12%increaseoverFY24GAAP5%–7%overFY24adjustedEPS**
$12.43–$12.79
9%–12%increaseoverFY24GAAP4%–7%overFY24adjustedEPS**
OperatingCashFlow
$9.4B–$10.1B
$9.4B–$10.1B
Property&EquipmentAdditions
$600M
$600M
FreeCashFlow
$8.8B–$9.5B
$8.8B–$9.5B
CapitalReturn
atleast$8.3B
atleast$8.3B
*Fiscal2024adjustedoperatingmarginexcluded$438millionforbusinessoptimizationcosts.
**Fiscal2024adjustedEPSexcluded$0.51forbusinessoptimizationcosts.
6
ConferenceCallandWebcastDetails
Accenturewillhostaconferencecallat8:00a.m.EDTtodaytodiscussitssecondquarterfiscal2025
financialresults.Toparticipateintheteleconference,pleasedial+1(877)883-0383[+1(412)317-6061
outsidetheU.S.,PuertoRicoandCanada]andenteraccesscode2669177approximately15minutesbeforethescheduledstartofthecall.
TheconferencecallwillalsobeaccessibleliveviawebcastontheInvestorRelationssectionoftheAccenturewebsiteat.Areplaywillbeavailableonthiswebsitefollowingthecall.
AboutAccenture
Accentureisaleadingglobalprofessionalservicescompanythathelpstheworld’sleadingbusinesses,
governmentsandotherorganizationsbuildtheirdigitalcore,optimizetheiroperations,acceleraterevenue
growthandenhancecitizenservices—creatingtangiblevalueatspeedandscale.Weareatalent-and
innovation-ledcompanywithapproximately801,000peopleservingclientsinmorethan120countries.
Technologyisatthecoreofchangetoday,andweareoneoftheworld’sleadersinhelpingdrivethat
change,withstrongecosystemrelationships.Wecombineourstrengthintechnologyandleadershipin
cloud,dataandAIwithunmatchedindustryexperience,functionalexpertiseandglobaldeliverycapability.
Ourbroadrangeofservices,solutionsandassetsacrossStrategy&Consulting,Technology,Operations,
IndustryXandSong,togetherwithourcultureofsharedsuccessandcommitmenttocreating360°value,
enableustohelpourclientsreinventandbuildtrusted,lastingrelationships.Wemeasureoursuccessbythe360°valuewecreateforourclients,eachother,ourshareholders,partnersandcommunities.Visitusat
.
360°ValueReporting
Accenture’sgoalistocreate360°valueforourclients,people,shareholders,partnersandcommunities.Ourfull360°ValueReportandonline360°ValueReportingExperienceprovidecustomizablereporting.To
access,pleasevisittheAccenture360°ValueReportingExperienceat/reportingexperience.
Non-GAAPFinancialInformation
Thisnewsreleaseincludescertainnon-GAAPfinancialinformationasdefinedbySecuritiesandExchangeCommissionRegulationG.Pursuanttotherequirementsofthisregulation,reconciliationsofthisnon-GAAPfinancialinformationtoAccenture’sfinancialstatementsaspreparedundergenerallyacceptedaccountingprinciples(GAAP)areincludedin
thispressrelease.Financialresults“inlocalcurrency”arecalculatedbyrestatingcurrent-periodactivityintoU.S.dollarsusingthecomparableprior-yearperiod’sforeign-currencyexchangerates.Accenture’smanagementbelievesprovidinginvestorswiththisinformationgivesadditionalinsightsintoAccenture’sresultsofoperations.WhileAccenture’s
managementbelievesthatthenon-GAAPfinancialmeasureshereinareusefulinevaluatingAccenture’soperations,thisinformationshouldbeconsideredassupplementalinnatureandnotasasubstitutefortherelatedfinancial
informationpreparedinaccordancewithGAAP.Accentureprovidesfull-yearrevenueguidanceonalocal-currency
basisandnotinU.S.dollarsbecausetheimpactofforeignexchangeratefluctuationscouldvarysignificantlyfromthecompany’sstatedassumptions.
Forward-LookingStatements
Exceptforthehistoricalinformationanddiscussionscontainedherein,statementsinthisnewsreleasemayconstituteforward-lookingstatementswithinthemeaningofthePrivateSecuritiesLitigationReformActof1995.Wordssuchas“may,”“will,”“should,”“l(fā)ikely,”“anticipates,”“aspires,”“expects,”“intends,”“plans,”“projects,”“believes,”“estimates,”“positioned,”“outlook,”“goal,”“target,”andsimilarexpressionsareusedtoidentifytheseforward-lookingstatements.Thesestatementsarenotguaranteesoffutureperformancenorpromisesthatgoalsortargetswillbemet,andinvolveanumberofrisks,uncertaintiesandotherfactorsthataredifficulttopredictandcouldcauseactualresultstodiffer
materiallyfromthoseexpressedorimplied.Theserisksinclude,withoutlimitation,risksthat:Accenture’sresultsof
operationshavebeen,andmayinthefuturebe,adverselyaffectedbyvolatile,negativeoruncertaineconomicand
geopoliticalconditionsandtheeffectsoftheseconditionsonthecompany’sclients’businessesandlevelsofbusinessactivity;Accenture’sbusinessdependsongeneratingandmaintainingclientdemandforthecompany’sservicesandsolutionsincludingthroughtheadaptationandexpansionofitsservicesandsolutionsinresponsetoongoingchangesintechnologyandofferings,andasignificantreductioninsuchdemandoraninabilitytorespondtotheevolving
7
technologicalenvironmentcouldmateriallyaffectthecompany’sresultsofoperations;risksanduncertaintiesrelatedtothedevelopmentanduseofAIcouldharmourbusiness,damageourreputationorgiverisetolegalorregulatory
action;ifAccentureisunabletomatchpeopleandtheirskillswithclientdemandaroundtheworldandattractandretainprofessionalswithstrongleadershipskills,thecompany’sbusiness,theutilizationrateofthecompany’sprofessionalsandthecompany’sresultsofoperationsmaybemateriallyadverselyaffected;Accenturefaceslegal,reputationalandfinancialrisksfromanyfailuretoprotectclientand/orcompanydatafromsecurityincidentsorcyberattacks;themarketsinwhichAccentureoperatesarehighlycompetitive,andAccenturemightnotbeabletocompeteeffectively;Accenture’sabilitytoattractandretainbusinessandemployeesmaydependonitsreputationinthemarketplace;ifAccenturedoesnotsuccessfullymanageanddevelopitsrelationshipswithkeyecosystempartnersorfailstoanticipateandestablish
newalliancesinnewtechnologies,thecompany’sresultsofoperationscouldbeadverselyaffected;Accenture’s
profitabilitycouldmateriallysufferduetopricingpressure,ifthecompanyisunabletoremaincompetitive,ifitscost-
managementstrategiesareunsuccessfulorifitexperiencesdeliveryinefficienciesorfailtosatisfycertainagreed-upontargetsorspecificservicelevels;changesinAccenture’sleveloftaxes,aswellasaudits,investigationsandtax
proceedings,orchangesintaxlawsorintheirinterpretationorenforcement,couldhaveamaterialadverseeffecton
thecompany’seffectivetaxrate,resultsofoperations,cashflowsandfinancialcondition;Accenture’sresultsof
operationscouldbemateriallyadverselyaffectedbyfluctuationsinforeigncurrencyexchangerates;Accenture'sdebtobligationscouldadverselyaffectourbusinessandfinancialcondition;changestoaccountingstandardsorinthe
estimatesandassumptionsAccenturemakesinconnectionwiththepreparationofitsconsolidatedfinancialstatementscouldadverselyaffectitsfinancialresults;asaresultofAccenture’sgeographicallydiverseoperationsandourstrategytocontinuetogrowinourkeymarketsaroundtheworld,thecompanyismoresusceptibletocertainrisks;ifAccentureisunabletomanagetheorganizationalchallengesassociatedwithitssize,thecompanymightbeunabletoachieveitsbusinessobjectives;Accenturemightnotbesuccessfulatacquiring,investinginorintegratingbusinesses,enteringintojointventuresordivestingbusinesses;Accenture’sbusinesscouldbemateriallyadverselyaffectedifthecompany
incurslegalliability;Accenture’sworkwithgovernmentclientsexposesthecompanytoadditionalrisksinherentinthe
governmentcontractingenvironment;Accenture’sglobaloperationsexposethecompanytonumerousandsometimesconflictinglegalandregulatoryrequirements;ifAccentureisunabletoprotectorenforceitsintellectualpropertyrightsorifAccenture’sservicesorsolutionsinfringeupontheintellectualpropertyrightsofothersorthecompanylosesitsabilitytoutilizetheintellectualpropertyofothers,itsbusinesscouldbeadverselyaffected;Accenturemaybesubjectto
criticismandnegativepublicityrelatedtoitsincorporationinIreland;aswellastherisks,uncertaintiesandotherfactorsdiscussedunderthe“RiskFactors”headinginAccentureplc’smostrecentAnnualReportonForm10-K,asupdatedinItem1A,“RiskFactors”initsQuarterlyReportonForm10-Qforthesecondquarteroffiscal2025,andotherdocumentsfiledwithorfurnishedtotheSecuritiesandExchangeCommission.Statementsinthisnewsreleasespeakonlyasof
thedatetheyweremade,andAccentureundertakesnodutytoupdateanyforward-lookingstatementsmadeinthisnewsreleaseortoconformsuchstatementstoactualresultsorchangesinAccenture’sexpectations.
RachelFrey
AccentureMediaRelations+19174524421
rachel.frey@
KatieO’Conor
AccentureInvestorRelations+19733013275
catherine.m.oconor@
8
Accentureplc
ConsolidatedIncomeStatements
(InthousandsofU.S.dollars,exceptshareandpershareamounts)
(Unaudited)
ThreeMonthsEndedSixMonthsEnded
February28,%of
2025Revenues
February29,%of
2024Revenues
February28,%of
2025Revenues
February29,%of
2024Revenues
REVENUES:
Revenues
$16,659,301
100.0%
$15,799,514
100.0%
$34,348,846
100.0%
$32,023,817
100.0%
OPERATINGEXPENSES:
Costofservices
11,684,313
70.1%
10,921,045
69.1%
23,551,029
68.6%
21,697,407
67.8%
Salesandmarketing
1,676,781
10.1%
1,631,185
10.3%
3,487,890
10.2%
3,341,076
10.4%
Generalandadministrativecosts
1,053,493
6.3%
1,085,448
6.9%
2,116,736
6.2%
2,118,947
6.6%
Businessoptimizationcosts
—
—%
115,409
0.7%
—
—%
255,073
0.8%
Totaloperatingexpenses
14,414,587
13,753,087
29,155,655
27,412,503
OPERATINGINCOME
2,244,71413.5%
2,046,427
13.0%
5,193,19115.1%
4,611,314
14.4%
Interestincome
76,113
65,269
152,140
167,249
Interestexpense
(64,669)
(10,305)
(94,711)
(24,800)
Otherincome(expense),net
32,616
(5,652)
(6,601)
(41,371)
INCOMEBEFOREINCOMETAXES
2,288,77413.7%
2,095,739
13.3%
5,244,01915.3%
4,712,392
14.7%
Incometaxexpense
466,333
386,537
1,105,388
993,209
NETINCOME
1,822,44110.9%
1,709,202
10.8%
4,138,63112.0%
3,719,183
11.6%
Netincomeattributableto
noncontrollinginterestinAccentureCanadaHoldingsInc.
(1,685)
(1,675)
(3,855)
(3,691)
Netincomeattributableto
noncontrollinginterests–other(1)
(32,681)
(32,668)
(67,807)
(67,189)
NETINCOMEATTRIBUTABLETOACCENTUREPLC
$1,788,07510.7%
$1,674,859
10.6%
$4,066,96911.8%
$3,648,303
11.4%
CALCULATIONOFEARNINGSPERSHARE:
NetincomeattributabletoAccentureplc
$1,788,075
$1,674,859
$4,066,969
$3,648,303
Netincomeattributableto
noncontrollinginterestinAccentureCanadaHoldingsInc.(2)
1,685
1,675
3,855
3,691
Netincomefordilutedearningspersharecalculation
$1,789,760
$1,676,534
$4,070,824
$3,651,994
WEIGHTEDAVERAGESHARES:
Basic
626,824,946
629,016,555
626,247,762
628,488,831
Diluted
634,211,978
636,797,814
634,543,212
637,069,356
EARNINGSPERSHARE:
Basic
$2.85
$2.66
$6.49
$5.80
Diluted
$2.82
$2.63
$6.42
$5.73
Cashdividendspershare
$1.48
$1.29
$2.96
$2.58
(1)ComprisedprimarilyofnoncontrollinginterestattributabletothenoncontrollingshareholdersofAvanade,Inc.
(2)DilutedearningspershareassumestheexchangeofallAccentureCanadaHoldingsInc.exchangeablesharesforAccentureplcClassAordinarysharesonaone-for-onebasis.Theincomeeffectdoesnottakeintoaccount“Netincomeattributabletononcontrollinginterests—other,”sincethosesharesarenotredeemableorexchangeableforAccentureplcClassAordinaryshares.
Accentureplc
9
SummaryofRevenues
(InthousandsofU.S.dollars)(Unaudited)
PercentIncrease
PercentIncrease
ThreeMonthsEnded
February28,2025February29,2024
(Decrease)
U.S.
Dollars
(Decrease)
Local
Currency
GEOGRAPHICMARKETS
Americas(1)
$
8,553,098
$
7,815,543
9%
11%
EMEA
5,803,875
5,598,850
4
8
AsiaPacific(1)
2,302,328
2,385,121
(3)
1
TotalRevenues
$
16,659,301
$
15,799,514
5%
8.5%
INDUSTRYGROUPS
Communications,Media&Technology
$
2,729,655
$
2,654,137
3%
6%
FinancialServices
3,010,430
2,808,930
7
11
Health&PublicService
3,608,912
3,334,039
8
10
Products
5,051,839
4,761,838
6
9
Resources
2,258,465
2,240,570
1
5
TotalRevenues
$
16,659,301
$
15,799,514
5%
8.5%
TYPEOFWORK
Consulting
$
8,282,260
$
8,021,034
3%
6%
ManagedServices
8,377,041
7,778,480
8
11
TotalRevenues
$
16,659,301
$
15,799,514
5%
8.5%
PercentIncrease
PercentIncrease
SixMonthsEnded
February28,2025February29,2024
(Decrease)
U.S.
Dollars
(Decrease)
Local
Currency
GEOGRAPHICMARKETS
Americas(1)
$
17,286,193
$
15,842,515
9%
11%
EMEA
12,215,827
11,402,492
7
7
AsiaPacific(1)
4,846,826
4,778,810
1
2
TotalRevenues
$
34,348,846
$
32,023,817
7%
8.3%
INDUSTRYGROUPS
Communications,Media&Technology
$
5,587,540
$
5,323,585
5%
6%
FinancialServices
6,179,265
5,842,508
6
7
Health&PublicService
7,421,521
6,711,505
11
11
Products
10,477,156
9,621,825
9
9
Resources
4,683,364
4,524,394
4
5
TotalRevenues
$
34,348,846
$
32,023,817
7%
8.3%
TYPEOFWORK
Consulting
$
17,327,488
$
16,477,540
5%
6%
ManagedServices
17,021,358
15,546,277
9
11
TotalRevenues
$
34,348,846
$
32,023,817
7%
8.3%
(1)Duringthefirstquarteroffiscal2025,ourLatinAmericamarketunitmovedfromGrowthMarketstoNorthAmerica.Withthischange,NorthAmericabecametheAmericasmarketandGrowthMarketsbecametheAsiaPacificmarket.Priorperiodamountshavebeenreclassifiedtoconformwiththecurrentperiodpresentation.
10
Accentureplc
OperatingIncomebyGeographicMarket
(InthousandsofU.S.dollars)
(Unaudited)
ThreeMonthsEnded
February29,2024
OperatingOperating
IncomeMargin
February28,2025
OperatingOperating
IncomeMargin
Increase
(Decrease)
Americas(1)
$1,240,44315%$1,083,257
14%
$157,186
EMEA
639,23511529,012
9
110,223
AsiaPacific(1)
365,03616434,158
18
(69,122)
TotalOperatingIncome
$2,244,71413.5%$2,046,427
13.0%
$198,287
SixMonthsEnded
Increase
(Decrease)
February28,2025February
29,2024
OperatingOperatingOperating
IncomeMarginIncome
Operating
Margin
Americas(1)
$2,617,67715%$2,376,238
15%
$241,439
EMEA
1,675,212141,352,613
12
322,599
AsiaPacific(1)
900,30219882,463
18
17,839
TotalOperatingIncome
$5,193,19115.1%$4,611,314
14.4%
$581,877
(1)Duringthefirstquarteroffiscal2025,ourLatinAmericamarketunitmovedfromGrowthMarketstoNorthAmerica.Withthischange,NorthAmericabecametheAmericasmarketandGrowthMarketsbecametheAsiaPacificmarket.Priorperiodamountshavebeenreclassifiedtoconformwiththecurrentperiodpresentation.
Accentureplc
ReconciliationofOperatingIncome,asReported(GAAP)toOperatingIncomeasAdjusted(Non-GAAP)(InthousandsofU.S.dollars)
(Unaudited)
ThreeMonthsEnded
11
Operating
Margin
(GAAP)
As
Reported
(GAAP)
As
Reported(GAAP)
Operating
Adjusted
(Non-GAAP)
Business
Optimization(1)
Margin
Americas(2)
$1,240,44315%
$1,083,257$11,860$1,095,117
14%
$145,326
EMEA
639,23511
529,01285,561614,573
11
24,662
AsiaPacific(2)
365,03616
434,15817,988452,146
19
(87,110)
TotalOperatingIncome
$2,244,71413.5%
$2,046,427$115,409$2,161,836
13.7%
$82,878
SixMonthsEnded
Increase
(Decrease)
(Non-GAAP)
February28,2025
February29,2024
As
ReportedBusinessAdjusted
(GAAP)Optimization(1)(Non-GAAP)
Operating
Margin
(Non-GAAP)
As
Reported
(GAAP)
Operating
Margin
(GAAP)
Americas(2)
$2,617,67715%
$2,376,238$61,915$2,438,153
15%
$179,524
EMEA
1,675,21214
1,352,613156,3651,508,978
13
166,234
AsiaPacific(2)
900,30219
882,46336,793919,256
19
(18,954)
TotalOperatingIncome
$5,193,19115.1%
$4,611,314$255,073$4,866,387
15.2%
$326,804
(Non-GAAP)
Increase
(Decrease)(Non-GAAP)
February28,2025
February29,2024
(1)Costsrecordedinconnectionwithourbusinessoptimizationinitiatives,primarilyforemployeeseverance.
(2)Duringthefirstquarteroffiscal2025,ourLatinAmericamarketunitmovedfromGrowthMarketstoNorthAmerica.Withthischange,NorthAmericabecametheAmericasmarketandGrowthMarketsbecametheAsiaPacificmarket.Priorperiodamountshavebeenreclassifiedtoconformwiththecurrentperiodpresentation.
Accentureplc
12
ReconciliationofNetIncomeandDilutedEarningsPerShare,asReported(GAAP),toNetIncomeand
DilutedEarningsPerShare,asAdjusted(Non-GAAP)
(InthousandsofU.S.dollars,exceptpershareamounts)
(Unaudited)
ThreeMonthsEnded
February28,2025
F
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