Accenture reported financial results for the second quarter of fiscal 2017, ended Feb. 28, 2017, with net revenues of $8.3 billion, an increase of 5 percent in U.S. dollars and 6 percent in local currency over the same period last year.
Diluted earnings per share were $1.33, compared with $2.08 for the second quarter last year, which included a $0.74 gain on the sale of Navitaire. Excluding this gain, diluted EPS for the second quarter last year were $1.34. For the first half of fiscal 2017, diluted EPS were $2.91, a 13 percent decrease from $3.36 for the same period last year. On an adjusted basis, excluding the impact of the Navitaire gain in fiscal 2016, diluted EPS for the first half of fiscal 2017 increased 11 percent.
Operating income for the quarter was $1.14 billion, an increase of 5 percent over the same period last year, and operating margin was 13.7 percent. For the first half of fiscal 2017, operating income grew 7 percent to $2.47 billion, or 14.7 percent of net revenues – an expansion of 20 basis points from the same period last year.
New bookings for the quarter were $9.2 billion, with consulting bookings of $4.6 billion and outsourcing bookings of $4.6 billion.
Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our financial results for the second quarter and first half of fiscal 2017. For the quarter, we delivered 6 percent revenue growth in local currency – which again was broad-based across the business – and we generated strong new bookings that position us well for the second half of the year. I am particularly pleased that we continue to make substantial investments in our business while returning more than $2 billion in cash to our shareholders year to date.
“Our strong performance reflects our continued rotation to new, high-growth areas such as digital, cloud and security services – which now account for more than 45 percent of total revenues – as well as our increasingly innovation-led approach to creating cutting-edge solutions for clients. With our highly differentiated capabilities and disciplined management of the business, we are confident in our ability to continue driving sustainable, profitable growth and delivering value for our clients and shareholders.”
We use cookies to help provide you with the best possible online experience.
By using this site, you agree that we may store and access cookies on your device.
You can find out more and set your own preferences here.
