09:03 AM EDT, 06/20/2025 (MT Newswires) -- Accenture ( ACN ) lifted its full-year earnings outlook and reported fiscal third-quarter results above market expectations, but the consulting firm's bookings declined on an annual basis.

The company now anticipates earnings to come in between $12.77 and $12.89 per share for fiscal 2025, up from its previous projections of $12.55 to $12.79. The current consensus on FactSet is for $12.73.

Revenue is pegged to grow by 6% to 7% in local currency terms for the ongoing year, reflecting a higher bottom end versus the prior guidance for an increase of 5%. Foreign exchange is now set to be a 0.2% tailwind to the firm's results in the year, compared with the previous outlook for a headwind of 0.5%.

"Based upon the strength of our results, we once again raised our full-year revenue outlook and we are on track to deliver or exceed all aspects of our guidance provided in September," Chief Financial Officer Angie Park said during an earnings call, according to a FactSet transcript.

For the three months through May 31, Accenture's ( ACN ) earnings rose to $3.49 from $3.04 the year before, topping the Street's view for $3.32. Revenue advanced 8% to $17.73 billion, ahead of the average analyst estimate of $17.32 billion. Revenue inclined 7% in local currency.

Consulting revenue increased 7% to $9.01 billion, while sales in the managed services division climbed 9% to $8.72 billion. New bookings decreased 6% to $19.7 billion, comprising $9.08 billion in consulting and $10.62 billion in managed services. Bookings related to Accenture's ( ACN ) generative artificial intelligence offering amounted to $1.5 billion.

Shares of the firm were down 4.7% in the most recent premarket activity.

For the ongoing three-month period, Accenture ( ACN ) expects revenue of $17 billion to $17.6 billion, with a foreign-exchange tailwind of about 2.5%. In local currency, the guidance reflects a growth range of 1% to 5%. Analysts currently forecast revenue of $17.06 billion for the quarter.

The company estimates a 2% headwind in the fourth quarter from its federal business after seeing an "immaterial impact" to overall growth in the previous quarter, Park said on the call.