Accenture reported financial results for the first quarter of fiscal 2017, ended Nov. 30, 2016, with record net revenues of $8.5 billion, an increase of 6 percent in U.S. dollars and 7 percent in local currency over the same period last year.
Diluted earnings per share were $1.58, an increase of $0.30, or 23 percent from the first quarter last year. EPS for the first quarter of fiscal 2017 include an $0.18 positive impact from a lower tax rate for the quarter.
Operating income was $1.33 billion, an increase of 9 percent over the same period last year, and operating margin was 15.6 percent, a year-over-year expansion of 40 basis points.
New bookings for the quarter were $8.3 billion, with consulting bookings of $4.9 billion and outsourcing bookings of $3.4 billion.
Pierre Nanterme, Accenture’s chairman and CEO, said, “We are pleased with our strong financial results for the first quarter. We delivered 7 percent revenue growth in local currency, which was broad-based across the dimensions of our business. We significantly expanded operating margin, delivered very strong earnings per share and free cash flow, and returned nearly $1.4 billion in cash to our shareholders.
“We continue to make significant investments in new and high-growth areas across Accenture – especially digital, cloud and security services, which together now account for more than 40 percent of total revenues and again grew at a very strong double-digit rate in the quarter. With the differentiated, high-value capabilities we are building, we remain confident in our ability to continue driving profitable growth, gaining market share and delivering value for our clients and shareholders.”
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