Tag: Accenture

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

CORRECTING and REPLACING 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

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

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Accenture (NYSE: ACN) reported financial results for the first quarter of fiscal 2021, ended Nov. 30, 2020, with revenues of $11.8 billion, an increase of 4% in U.S. dollars and 2% in local currency over the same period last year. Revenue growth for the quarter was reduced approximately 2 percentage points by a decline in revenues from reimbursable travel costs.

GAAP diluted earnings per share were $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. On an adjusted basis, EPS of $2.17 increased 8% from $2.01 for the first quarter last year.

Operating income was $1.89 billion, a 7% increase over the same period last year, and operating margin was 16.1%, an expansion of 50 basis points.

New bookings for the quarter were $12.9

Accenture Completes Acquisition of Avenai, Ottawa-dependent Enterprise and Technologies Consultancy

OTTAWA, Ontario–(Small business WIRE)–Accenture (NYSE: ACN) has accomplished the acquisition of Avenai, an Ottawa-centered supplier of consulting and technological know-how services.

Avenai’s seasoned consulting staff will be bolstered by Accenture’s worldwide achieve in serving to clientele fulfill their broad ambitions. The deal enhances Accenture’s potential to travel the electronic modernization getting location throughout the general public sector in Canada as many departments and businesses embrace modify, fast transfer to the cloud, and enhance expert services for Canadians.

Launched in 2012, Avenai has a powerful standing among governing administration and commercial shoppers in Ottawa and Toronto. The organization supports crucial elements of enterprise transform which include method enhancement, system enhancement, IT-enabled enterprise transformation, and organizational lifestyle transformation.

Conditions of the transaction, which Accenture declared on Oct 7, have been not disclosed.

About Accenture

Accenture is a international expert services firm with major abilities in digital, cloud and protection.