On June 20, Accenture plc (NYSE: ACN) is scheduled to disclose its fiscal 2024 third-quarter results prior to the market's opening. In the past four quarters, ACN has consistently surpassed earnings estimates, demonstrating a solid track record of exceeding earnings expectations.
ACN Quarterly Revenue Forecast
Analysts estimate for revenue is $16.5 billion, which is marginally lower than the third-quarter fiscal 2023 figure. The anticipated revenue decline is due to weakness in the software and platforms, communications and media, and banking and capital markets sectors, as well as diminished discretionary spending.
The forecasted revenue for Managed Services segment is $8.2 billion, which represents a 4.6% year-over-year increase. The SynOps platform, which is employed by the company to improve automation and efficiency, is likely to be the driving force behind this growth, particularly in the petroleum marketing sector.
The Health & Public Services segment could show $3.4 billion in revenues, which represents a 3.8% year-over-year increase. The Resources segment is anticipated to generate $2.5 billion, representing a 7.5% increase from the same quarter last year.
Despite declines in banking, software and platforms, capital markets, and communication and media, North America revenues are expected to slightly increase to $7.7 billion in terms of geographical performance. Revenues from the EMEA region are estimated to be $5.8 billion, a minor decrease from the previous year, as a result of declines in the banking, media, and communications capital markets.
