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Accenture plc (ACN - Free Report) reported better-than-expected second-quarter fiscal 2023 results, wherein both earnings & revenues increased year over year.
Adjusted earnings (excluding 30 cents from non-recurring items) of $2.69 per share surpassed the Zacks Consensus Estimate by 8% and improved 5.9% from the year-ago fiscal quarter’s reading. The bottom line benefited from higher revenues, streamlined operations and optimization of office space to reduce costs.
Revenues of $15.81 billion also beat the Zacks Consensus Estimate by 2% and increased 5.1% from the year-ago fiscal quarter’s tally on a reported basis and 9% in terms of local currency. Revenues benefited from improved segmental results except in Communications, Media & Technology.
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