Accenture raises FY23 operating cash flow view to $8.7B-$9.2B

For fiscal 2023, the company now expects operating cash flow to be in the range of $8.7 billion to $9.2 billion compared to $8.5 billion to $9.0 billion previously; property and equipment additions to be $700 million, compared to $800 million previously; and free cash flow to be in the range of $8.0 billion to $8.5 billion, compared to $7.7 billion and $8.2 billion previously. The company continues to expect to return at least $7.1 billion in cash to shareholders through dividends and share repurchases.