On Thursday, Accenture Plc (NYSE: ACN ) reported first-quarter fiscal 2025 sales of $17.69 billion compared with the analyst consensus estimate of $17.12 billion, up 9% year-over-year in U.S. dollars and 5% in local currency .

Revenues were approximately $240 million above the top end of the company's guided range of $16.85 billion to $17.45 billion. The adjusted EPS of $3.59 topped the analyst consensus estimate of $3.39 .

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Consulting revenues for the quarter were $9.05 billion, an increase of 7% in U.S. dollars and 6% in local currency. Managed Services revenues reached $8.64 billion, an increase of 11% in both U.S. dollars and local currency.

New bookings for the quarter were $18.7 billion, with consulting bookings of $9.2 billion and managed services bookings of $9.5 billion.

Adjusted operating income for the quarter was $2.70 billion, or 16.7% of revenues.

Products revenues reached $5.43 billion, up 12% in U.S. dollars and 10% in local currency. Health & Public Service revenues increased by 13% in U.S. dollars and 12% in local currency to $3.81 billion.

Financial Services revenue reached $3.17 billion, up 4% in U.S. dollars and local currency. Resources revenue was $2.42 billion, up 6% in U.S. dollars and local currency.

Communications, Media & Technology revenue was $2.86 billion, up 7% in U.S. dollars and local currency.

The company clocked Generative AI new bookings of $1.2 billion.

Julie Sweet, chair and CEO of 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."

Outlook: Accenture's business outlook for fiscal 2025 now assumes that the foreign-exchange impact on its results in U.S. dollars will be approximately negative 0.5% compared with fiscal 2024; the company previously expected the impact to be positive 1.5%.

Accenture expects second-quarter revenues of $16.2 billion–$16.8 billion (versus consensus of $16.63 billion ).

For fiscal 2025, the company raised revenue growth of 4% to 7% in local currency, compared to 3% to 6% previously .

Price Action: ACN stock is up 4.72% at $364.01 premarket at the last check on Thursday.

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