By Adriano Marchese

Accenture reported better-than-expected profit and revenue in its first quarter of fiscal 2024.

The professional services company posted net income of $1.97 billion, or $3.10 a share, compared with $1.96, or $3.08 a share, in the same quarter a year ago.

Adjusted earnings were $3.27 a share. According to FactSet, analysts were expecting $3.14 a share.

Revenues 3% rose to $16.2 billion, just above analyst expectations of $16.17 billion. Accenture expected foreign exchange to have a bigger positive effect in the quarter, which came in at 1.5% compared with 2.5%, which it previously expected.

New bookings for the quarter were $18.45 billion, comprised of consulting bookings of $8.6 billion and managed services bookings of $9.8 billion.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

December 19, 2023 07:20 ET (12:20 GMT)

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