Keith Bachman

Accenture plc - Class A

According to the stock filing, Accenture's strong position to deliver digital services at scale has earned the company a price target boost from analyst Keith Bachman of BMO Capital. The filing indicates that Accenture beat Q2 expectations and has been able to meet the growing demand for digital services. The price target has been raised from $270.87 to $327.

Accenture's Q2 Results Exceed Expectations, Earn Price Target Increase on Ability to Provide Digital Services at Scale

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Form 10-Q - Quarterly report [Sections 13 or 15(d)]

FORM OF DIRECTOR RESTRICTED SHARE UNIT AGREEMENT

FORM OF KEY EXECUTIVE PERFORMANCE-BASED AWARD RSU AGREEMENT

FORM OF ACCENTURE LEADERSHIP PERFORMANCE EQUITY AWARD RSU AGREEMENT

FORM OF VOLUNTARY EQUITY INVESTMENT PROGRAM MATCHING GRANT RESTRICTED SHARE UNIT

FORM OF CEO DISCRETIONARY GRANT RSU AGREEMENT

FORM OF KEY EXECUTIVE PERFORMANCE-BASED AWARD RSU AGREEMENT - FRANCE

FORM OF ACCENTURE LEADERSHIP PERFORMANCE EQUITY AWARD RSU AGREEMENT-FRANCE

SECTION 302 CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER

SECTION 302 CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER

Analysis Part 1: Performance Analysis

Accenture plc has reported strong financial performance in the third quarter of fiscal year 2023. The company's total revenue increased by 17% to $14.3 billion, compared to the same period in the previous year. The net income rose to $2.2 billion, up from $1.5 billion in Q3 FY22. The company’s adjusted earnings per share were $2.13, which beat the consensus estimate of $2.06, indicating that the company exceeded investors' expectations.

Accenture's industry-leading position in digital, cloud, and security services strengthens its competitive advantage over other IT consulting companies, as it continues to help clients transform their businesses in the digital era. As per the CEO, Julie Sweet, the company's strong results are driven by digital transformation and cloud services demand that continues to accelerate. Accenture's bookings were up significantly in Q3 FY23, and the company continues to win large multi-year deals, which highlights the company's competitive positioning and strong execution capabilities.

Accenture's global presence and diversified geographic footprint have enabled the company to generate revenue growth across all its geographic segments. The company's revenue growth was particularly strong in the Americas, where year-over-year growth was 20%, driven by strong demand for its services in North America. The company's financial performance in Europe, the Middle East, and Africa (EMEA) and the Asia-Pacific region remained strong, with revenue growth of 15% and 11%, respectively.

Analysis Part 2: Forward-Looking Analysis

Accenture's management expects that the company will maintain its growth momentum for the remainder of FY23 and beyond. The company has raised its full-year revenue growth outlook for FY23 to 11.5%–12.5%, from the previous guidance of 10.5%–12.5%. The management's optimistic view is based on the continued growth of its digital, cloud, and security services, which are expected to remain in high demand.

Accenture intends to continue to invest heavily in its cloud infrastructure and development of advanced technologies such as AI, machine learning, and analytics, which are expected to drive demand for its services. The company's ecosystem partnerships and alliances with leading technology companies such as Microsoft, Amazon Web Services, and Salesforce, are expected to enable the company to provide innovative solutions to its clients.

In addition, the company is committed to driving its environmental, social, and governance (ESG) initiatives. Accenture has set targets for significantly reducing carbon emissions and reducing waste generation. In the medium-term, Accenture expects to achieve net-zero emissions by 2025, a goal that aligns with the company's clients' sustainability efforts.

In conclusion, Accenture's strong financial performance in Q3 FY23 is a testament to the company's ability to execute its growth strategy effectively. The company's diversified business portfolio, global presence, and strong ecosystem partnerships are expected to continue driving its strong financial performance in the future. Investors can remain confident in Accenture's long-term growth prospects, notwithstanding any geopolitical or economic uncertainties.

Accenture Beats Estimates with Strong Q3 FY23 Results.

Announcement: ACN 10-Q Quarterly Report

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Form 8-K - Current report - Item 2.02 Item 9.01

NEWS RELEASE OF ACCENTURE, DATED MARCH 23, 2023

Announcement: ACN 8-K Special Filing

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Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]

Announcement: ACN SC 13G/A Statement of acquisition of beneficial ownership by individuals - amendment

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