Tag: FirstQuarter

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