IT service provider Accenture has beat Street estimates and posted $17.7 billion revenues in the first quarter ended November 2024. This is an increase of 9% in US dollars and 8% in local currency compared to the first quarter of fiscal 2024.It expects revenues for the second quarter of fiscal 2025 to be in the range of $16.2 billion to $16.8 billion, or 5% to 9% growth in local currency.For fiscal 2025, the company raises revenue growth to be in the range of 4% to 7% in local currency, compared to 3% to 6% previously.Julie Sweet, chair and CEO, Accenture, said, "Our strategy to lead reinvention for clients while continuing to invest in our business has given us a strong start to fiscal 2025.""We delivered broad-based revenue growth across both consulting and managed services, and across each market and industry group, gaining market share," she said.The company's November quarter new bookings were $18.7 billion, including 30 quarterly client bookings of more than $100 million."We continued to lead in helping our clients realize value with generative AI, with new bookings of $1.2 billion," she said.Its operating margin was 16.7%, an increase of 90 basis points compared to operating margin of 15.8% for the first quarter of fiscal 2024.

Accenture posts $17.7 bn revenue, beats Street view

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.