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Thursday, December 17, 2020

Accenture Reports Very Strong First-Quarter Results and Raises Business Outlook for Fiscal 2021

Revenues are $11.8 billion, an increase of 4% in U.S. dollars and 2% in local currency, more than $200 million above the company’s guided range, including a reduction of approximately 2 percentage points from a decline in revenues from reimbursable travel costs

GAAP EPS are $2.32, an 11% increase from $2.09 for the first quarter last year, including gains on an investment of $0.15 and $0.08, respectively; excluding these gains, adjusted EPS of $2.17 are up 8% from $2.01 in the first quarter last year

Operating income increases 7% to $1.89 billion, with operating margin of 16.1%, an expansion of 50 basis points

New bookings are $12.9 billion, a 25% increase from the first quarter last year, with consulting bookings of $6.6 billion and outsourcing bookings of $6.3 billion

Company declares quarterly cash dividend of $0.88 per share, up 10% from a year ago

Accenture raises business outlook for fiscal 2021; now expects full-year revenue growth of 4% to 6% in local currency; GAAP EPS of $8.17 to $8.40; adjusted EPS of $8.02 to $8.25; and free cash flow of $6.0 billion to $6.5 billion

To view original Press Release, please click here.

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