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Accenture Posts Q2 Beat With Record Bookings as Cautious Outlook Hits Shares

Free cash flow guidance increased with plans to return at least $9.3 billion to shareholders.

Overview

  • Revenue reached $18.0 billion and diluted EPS was $2.93, with record quarterly bookings of $22.1 billion and a 13.8% operating margin.
  • Full‑year outlook now calls for 3%–5% local‑currency revenue growth, GAAP EPS of $13.25–$13.50 and adjusted EPS of $13.65–$13.90.
  • Third‑quarter revenue guidance of $18.35–$19.00 billion landed slightly below the LSEG‑tracked consensus at the midpoint.
  • Shares fell roughly 3%–4% in premarket trading and touched a 52‑week low after the company highlighted softer near‑term demand and a roughly 1% federal revenue headwind.
  • Managed services now account for about 51% of revenue as Accenture accelerates AI work and strategic M&A, returned $2.7 billion in the quarter, and raised full‑year free cash flow guidance to $10.8–$11.5 billion.