New bookings reached $18.7B, a 1% increase YoY. This suggests continued client demand for Accenture's services, although growth is modest.

The Americas and EMEA regions demonstrated strong revenue growth, contributing significantly to the overall 9% increase. This highlights the success of Accenture's strategies in these key markets.

Accenture completed acquisitions for a total consideration of $184.9M, net of cash acquired. While individually immaterial, these acquisitions collectively contribute to growth and expanded capabilities.

Accenture's workforce grew to approximately 799,000, up from 743,000 in the prior year. This expansion indicates management's ability to scale operations to meet growing client needs.

Utilization remained consistent at 91%, highlighting effective management of billable resources and strong project execution.

Annualized voluntary attrition increased to 12% from 11% in the prior year. This suggests potential challenges in retaining talent and requires management to address employee satisfaction and career development.

Accenture is involved in a legal proceeding related to a Marriott data breach, and the court reinstated previously certified classes. While Accenture believes the lawsuit is without merit, the outcome could have a material effect.

AFS is responding to an administrative subpoena and cooperating with DOJ's investigation. This matter could subject us to adverse consequences, including civil and criminal penalties, and administrative sanctions.

There continues to be significant economic and geopolitical uncertainty in many markets around the world, which has impacted and may continue to impact our business. These conditions have slowed the pace and level of client spending.

Accenture's 9% revenue growth surpasses industry averages, demonstrating a strong competitive position and ability to capture market share.

Accenture's business depends on adapting to technological changes, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect our results of operations.

If we do not successfully manage and develop our relationships with key ecosystem partners or if we fail to anticipate and establish new alliances in new technologies, our results of operations could be adversely affected.

Operating expenses decreased as a percentage of revenues to 83.3% from 84.2%, indicating improved operational efficiency and cost management.

Cost of services increased $1,090 million, or 10%, over the first quarter of fiscal 2024, and increased as a percentage of revenues to 67.1% compared to 66.4% during this period. The decrease in gross margin was primarily due to higher subcontractor costs.

Business optimization initiatives have been completed as of August 31, 2024. The decrease in gross margin was primarily due to higher subcontractor costs and the impact of our business optimization actions which reduced severance costs in gross margin during the first quarter of fiscal 2024.

Consulting revenue growth in local currency for the first quarter of fiscal 2025 was driven by very strong growth in the Americas, solid growth in EMEA and modest growth in Asia Pacific. Our consulting revenue continues to be driven by helping our clients accelerate their reinvention, in particular technology, data, and Al led digital transformations.

Managed services revenue growth in local currency for the first quarter of fiscal 2025 was driven by very strong growth in the Americas and EMEA, and solid growth in Asia Pacific. We continue to experience growing demand to assist clients with application modernization and maintenance, cloud enablement and cybersecurity-as-a-service.

Risks and uncertainties related to the development and use of Al could harm our business, damage our reputation or give rise to legal or regulatory action.

Accenture returned $1.8B to shareholders, including $926M in dividends and $898M in share repurchases, demonstrating a commitment to shareholder value.

On October 4, 2024, Accenture Capital Inc. issued $5 billion aggregate principal amount of senior unsecured notes. Net proceeds from the offering are being used for general corporate purposes, including repayment of outstanding commercial paper borrowings.

We intend to continue to use a significant portion of cash generated from operations for share repurchases during the remainder of fiscal 2025.

Melissa Burgum and John Walsh, adopted 10b5-1 trading plans, demonstrating a commitment to compliance with insider trading regulations.

There continues to be significant economic and geopolitical uncertainty in many markets around the world, which has impacted and may continue to impact our business. These conditions have slowed the pace and level of client spending.

As we are a global company, our revenues are denominated in multiple currencies and may be significantly affected by currency exchange rate fluctuations.

The business environment is competitive, and we continue to experience lower pricing across the business. We define pricing as contract profitability or margin on the work that we sell.